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On 01/10/2016, you requested the version in force on 01/10/2016 incorporating all amendments published on or before 01/10/2016. The closest version currently available is that of 05/07/2016.
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Concessionary rate of tax for approved insurer
4.
—(1)  Tax shall be payable at the rate of 10% on the following income derived by an approved insurer:
(a)
the amount referred to in section 26(7)(a)(i) of the Act (but excluding the investment income and gains or profits derived from the sale of investments and other income, whether derived from Singapore or elsewhere, of any life insurance fund established under the Insurance Act relating to offshore life policies);
[S 81/2009 wef Y/A 2006 & Sub Ys/A]
(b)
the dividends and interest derived from outside Singapore, the gains or profits realised from the sale of offshore investments, and interest from ACU deposits derived from —
(i)
subject to paragraph (2), the investment of its insurance fund established and maintained under the Insurance Act for the offshore life business; and
(ii)
the investment of its shareholders’ funds established in Singapore which are used to support the offshore life business as ascertained under regulation 5.
[S 81/2009 wef Y/A 2005 & Sub Ys/A]
[S 748/2010 wef 01/04/2008]
[S 320/2016 wef 01/04/2013]
(2)  Where the Comptroller is satisfied that any part of the insurance fund referred to in sub-paragraph (b)(i) of paragraph (1) is not required to support the offshore life business of an approved insurer, he may adopt such reduced amount of the dividends, interest and gains or profits under that sub-paragraph as appears to him to be reasonable in the circumstances.
[S 81/2009 wef Y/A 2005 & Sub Ys/A]
(3)  For the year of assessment 2012 and subsequent years of assessment, a reference to interest in this regulation includes a reference to qualifying return in lieu of interest.
History for Provision '4 Concessionary rate of tax for approved insurer'.
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pr4-.
15/05/1996
Formal Consolidation
05 May 1995
1996 RevEd
 
Compare versionsDiff

02/06/2005
Informal Consolidation
25 February 2009
Amended
S 81/2009

01/04/2008
Informal Consolidation
01 April 2008
Amended
S 748/2010

25/02/2009
Informal Consolidation
25 February 2009
Amended
S 81/2009

01/04/2013
Informal Consolidation
05 July 2016
Amended
S 320/2016

13/08/2013
Informal Consolidation
13 August 2013
Amended
S 519/2013

05/07/2016
Informal Consolidation
05 July 2016
Amended
S 320/2016