Comparison View

Formal Consolidation |  Amended S 299/2024
Concessionary rate of tax
5.—(1)  Tax is payable at the concessionary rate specified in section 43E(1A) of the Act on the income of a company derived from the operation of its approved Finance and Treasury Centre —
(a)in respect of the provision of qualifying services that have been approved under section 43E(2)(a) of the Act; and
[S 299/2024 wef 31/12/2021]
(b)in respect of qualifying activities that have been approved under section 43E(2)(b) of the Act.
[S 299/2024 wef 31/12/2021]
[S 299/2024 wef 31/12/2021]
(2)  Paragraph (1) applies in relation to an approved Finance and Treasury Centre from such date as the Minister, or such person as the Minister may appoint, may specify.
Informal Consolidation | Amended S 299/2024
Concessionary rate of tax
5.—(1)  Tax is payable at the concessionary rate specified in section 43E(1A) of the Act on the income of a company derived from the operation of its approved Finance and Treasury Centre —
(a)in respect of the provision of qualifying services that have been approved under section 43E(2)(a) of the Act; and
[S 299/2024 wef 31/12/2021]
(b)in respect of qualifying activities that have been approved under section 43E(2)(b) of the Act.
[S 299/2024 wef 31/12/2021]
[S 299/2024 wef 31/12/2021]
(2)  Paragraph (1) only applies —
(a)if those qualifying services or qualifying activities (as the case may be) are approved in relation to the Finance and Treasury Centre for that concessionary rate of tax; and
(b)from a date the Minister or an authorised body specifies.
[S 299/2024 wef 12/04/2024]