Income Tax (Concessionary Rate of Tax for Financial Sector Incentive Companies) Regulations 2005
Table of Contents
Enacting Formula
1 Citation and commencement
2 Definitions
2A Application
3 Financial sector incentive company
4 10% tax payable on qualifying income of financial sector incentive (standard tier) company derived before 1st January 2011
4A 12% tax payable on qualifying income of financial sector incentive (standard tier) company derived on or after 1st January 2011
4B 12% tax payable on qualifying income of financial sector incentive (trustee companies) company derived on or after 1 April 2016
5 10% tax payable on qualifying income of financial sector incentive (headquarter services) company
6 10% tax payable on qualifying income of financial sector incentive (fund management) company
7 Computation of income of financial sector incentive (standard tier) company derived before 1st January 2011 and of financial sector incentive (fund management) company from managing funds of certain foreign investors and approved companies
7A Computation of income of financial sector incentive (standard tier) company derived on or after 1st January 2011 from managing funds of certain foreign investors and approved companies
8 5% tax payable on qualifying income of financial sector incentive company
9 Determination of income chargeable with tax
9A Deduction, etc., where activity subject to 2 concessionary tax rates
10 Determination of qualifying base percentage
11 Financial sector incentive company to maintain records
12 Revocation and deeming of approvals
FIRST SCHEDULE List of Activities
SECOND SCHEDULE Conditions
THIRD SCHEDULE Prescribed Processing Services
FOURTH SCHEDULE
FIFTH SCHEDULE