On 21/05/2013,
you requested for the version in force on 21/05/2013
incorporating all amendments published on or before 21/05/2013.
The closest version currently available is that of 09/02/1990.
14. Section 43D of the principal Act is amended by deleting subsection (1) and substituting the following subsection:
“(1) Notwithstanding section 43, the Minister may by regulations provide that tax at the rate of 10% or such other concessionary rate shall be levied and paid for each year of assessment upon such income as the Minister may specify of a member of the Singapore International Monetary Exchange —
(a)
derived from transactions in gold bullion or in any commodity or financial futures on any approved exchange or in any approved market with —
(i)
an Asian Currency Unit of a financial institution;
(ii)
another member of the Exchange;
(iii)
a person who is neither a resident of nor has a permanent establishment in Singapore; or
(iv)
a branch office outside Singapore of a company resident in Singapore;
(b)
derived on or after 1st January 1989 from transactions in any petroleum futures on any approved exchange with an oil trading company approved under section 43F,
and those regulations may provide for the deduction of losses otherwise than in accordance with section 37(2).”.