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On 06/07/2015, you requested the version in force on 27/05/2012 incorporating all amendments published on or before 27/05/2012. The closest version currently available is that of 12/08/2003.
No. S 396
Income Tax Act
Income Tax (Transfer of Undertaking by Bank or Finance Company) Order 2003
In exercise of the powers conferred by section 14I(4) of the Income Tax Act, the Minister for Finance hereby makes the following Order:
Declaration of provisions in accounts
2.  It is hereby declared that, subject to the conditions specified in the letter of approval dated 18th July 2003, the provisions in the accounts of Ban Hin Lee Bank Berhad Singapore Branch which have been transferred to Southern Bank Berhad Singapore Branch —
(a)
shall not be deemed under section 14I(2)(b) of the Act to be a trading receipt of Ban Hin Lee Bank Berhad Singapore Branch; and
(b)
shall for the purposes of section 14I of the Act be treated as having been allowed to Southern Bank Berhad Singapore Branch as a deduction under that section.
[R032.018.00010.V07.T01; AG/LEG/SL/134/2002/2 Vol. 1]