Income Tax Act |
Income Tax (Functional Currency) Regulations 2004 |
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Citation |
1. These Regulations may be cited as the Income Tax (Functional Currency) Regulations 2004. |
Transitional provisions for companies |
2. Where a company —
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Transitional provisions for individuals and partnerships |
3. Where an individual or a precedent partner —
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Transitional provisions for licensed insurers |
Applicable rate of exchange |
4.—(1) Subject to paragraph (2), a company, an individual or a precedent partner referred to in regulation 2 or 3, as the case may be, shall make an irrevocable election in writing of one of the following rates of exchange for the purposes of converting the amounts referred to in regulation 2 or 3, as the case may be, denominated in Singapore dollar into an equivalent amount in a non-Singapore dollar functional currency:
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Permanent Secretary, Ministry of Finance, Singapore. |
[MF(R) R32.7.2577 Vol. 3; AG/LEG/SL/134/2002/14 Vol. 1] |
Current Acts and Subsidiary Legislation | |
Current Acts | |
Current Subsidiary Legislation | |
All Collections | |
Acts Supplement | |
Bills Supplement | |
Subsidiary Legislation Supplement | |
Revised Editions of Acts | |
Revised Editions of Subsidiary Legislation |