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No. S 98

Stamp Duties Act

(CHAPTER 312)

Stamp Duties
(Container Investment Enterprise)
(Remission) Rules 2014

In exercise of the powers conferred by sections 74 and 77 of the Stamp Duties Act, the Minister for Finance hereby makes the following Rules:

Citation and commencement

1. These Rules may be cited as the Stamp Duties (Container Investment Enterprise) (Remission) Rules 2014 and shall be deemed to have come into operation on 1st June 2011.

Definitions

2. In these Rules —

“approved”, “container” and “container investment enterprise” have the same meanings as in section 43ZA(7) of the Income Tax Act (Cap. 134);

“special purpose company” means any company that is established solely in order to own or lease any container.

[S 523/2015 wef 24/02/2015]

Remission

3.—(1) There shall be remitted all duty chargeable under the Act on any contract, agreement or instrument executed during the period from 1 June 2011 to 31 May 2021 (both dates inclusive) relating to the conveyance, assignment or transfer on sale of any stock or shares in any special purpose company or any interest thereof from any person to an approved container investment enterprise that —

(a)

is listed on the Singapore Exchange; or

(b)

is to be listed on the Singapore Exchange —

(i)	within 6 months after the execution of such conveyance, assignment or transfer; or
(ii)	within such longer period, and on such terms and conditions, as the Minister or such other person as he may appoint may specify in any particular case. [S 523/2015 wef 24/02/2015]

(2) [Deleted by S 523/2015 wef 24/02/2015]

Made this 19th day of February 2014.

LIM SOO HOON

Permanent Secretary
(Finance) (Performance),
Ministry of Finance,
Singapore.

[MOF R32.18.2974 Vol. 3; AG/LLRD/SL/312/2010/16 Vol. 1]