Singapore Statutes Online - 53 - Income Tax (Amendment No. 2) Act 2007

On 19/06/2013, you requested for the version in force on 19/06/2013 incorporating all amendments published on or before 19/06/2013. The closest version currently available is that of 06/12/2007.

Amendment of section 10E

5. Section 10E of the principal Act is amended —

(a)

by inserting, immediately after subsection (1), the following subsection:

“(1A) Where subsection (1) would apply to the originator of any approved Islamic debt securities arrangement if that arrangement had not been entered into, that subsection shall continue to apply to the originator as if the arrangement had not been entered into.”; and

(b)

by inserting, immediately before the definition of “business of the making of investments” in subsection (2), the following definitions:

“ “approved Islamic debt securities arrangement” and “originator” have the same meanings as in section 10(28);”.