Income Tax Act 1947

Sections (343)

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• § 1 — Short title

  1. This Act is the Income Tax Act 1947.

• § 10 — Charge of income tax

  10.—(1) Income tax is, subject to the provisions of this Act, payable at the rate or rates specified hereinafter for each year of assessment upon the income of any person accruing in or derived from Singapore or received in Singapore from outside Singapore in respect of —(a) gains or profits from an

• § 100 — Provisions relating to penalty

  100.—(1) Any interest imposed under section 85(2) or penalty imposed under this Act is not deemed to be part of the tax paid for the purposes of claiming relief under any of the provisions of this Act.(2) Any penalty imposed under section 13D(2), (4) or (6), 13O(3) or (5), 13OA(6) or (8), 37(18B), 4

• § 101 — Consent for prosecution

  101.—(1) No prosecution may be commenced in respect of an offence under section 37L, 37M, 37S, 45(5), 94, 94A, 95, 96, 96A or 105M except at the instance or with the consent of the Comptroller or the Public Prosecutor.[2/2016] [Act 30 of 2023 wef 30/10/2023] (2) The Comptroller may authorise either

• § 102 — Service of summons

  102.—(1) Every summons issued by a court against any person in connection with any offence under this Act may be served on the person —(a) by delivering the summons to the person or to some adult member of the person’s family at his or her last known place of residence; (b) by leaving the summons a

• § 102A — Notice to attend court

  102A.—(1) Where the Comptroller has reasonable grounds to believe that a person has committed an offence under this Act (or any subsidiary legislation made under this Act) that is punishable by a fine or by an imprisonment term not exceeding 12 months or both, the Comptroller may, in lieu of applyin

• § 103 — Saving for criminal proceedings

  103. The provisions of this Act do not affect any criminal proceedings under any other written law.

• § 104 — Admissibility of certain statements and documents as evidence

  104.—(1) Statements made or documents produced by or on behalf of any person are not inadmissible in evidence against the person in any proceedings to which this section applies by reason only that the person was or may have been induced to make the statements or produce the documents by any inducem

• § 104A — Protection of informers

  104A.—(1) Except as provided in subsection (3), no witness in any civil or criminal proceedings commenced on or after 16 November 2021 is obliged or permitted —(a) to disclose the identity of an informer who has given any information (whether the information is given before, on or after that date) w

• § 105 — Jurisdiction of court

  105. Despite any provision to the contrary in the Criminal Procedure Code 2010, a District Court or a Magistrate’s Court has jurisdiction to try any offence under this Act and has power to impose the full penalty or punishment in respect of the offence.

• § 105A — Interpretation of this Part

  105A.—(1) In this Part —“avoidance of double taxation arrangement” means an arrangement having effect under section 49; “competent authority”, in relation to a prescribed arrangement, means a person or an authority whom the Comptroller is satisfied is authorised to make a request to the Comptroller

• § 105B — Purpose of this Part

  105B. The purpose of this Part is to facilitate the disclosure of information to a competent authority —(a) under an avoidance of double taxation arrangement in accordance with the EOI provision in that arrangement; or (b) under and in accordance with an EOI arrangement.

• § 105BA — Exchange of information arrangement

  105BA.—(1) If the Minister by order declares that an arrangement specified in the order has been made with the government of any country, or the governments of 2 or more countries, outside Singapore for the exchange of information concerning the tax positions of persons (whether upon request by an a

• § 105D — Request for information

  105D.—(1) The competent authority under a prescribed arrangement may make a request to the Comptroller for information concerning the tax position of any person in accordance with —(a) if it is an avoidance of double taxation arrangement, the EOI provision of that arrangement; or (b) if it is an EO

• § 105E — Comptroller to serve notice of request on certain persons

  105E.—(1) After receipt of a request under section 105D for any information which, in the Comptroller’s opinion, is information mentioned in subsection (2), the Comptroller must serve notice of the request on the person identified in the request as the person in relation to whom the information is s

• § 105F — Power of Comptroller to obtain information

  105F.—(1) Sections 65 to 65D (except section 65B(1D)) have effect for the purpose of enabling the Comptroller to obtain any information for the purpose of complying with a request under section 105D; and section 65E also has effect in relation to a notice issued under section 65B for the purpose of

• § 105G — Power of Comptroller to obtain information from other authorities

  105G.—(1) For the purpose of complying with a request under section 105D, the Comptroller may request the Comptroller of Goods and Services Tax, the Comptroller of Property Tax, the Chief Assessor or the Commissioner of Stamp Duties to transmit information in his or her possession to the Comptroller

• § 105GA — Information may be used for administration of Act

  105GA. To avoid doubt, any information obtained under section 105F or 105G may be used not only for the purpose of complying with a request under section 105D, but also for any purpose connected with the administration of this Act, including the investigation or a prosecution for an offence alleged

• § 105H — Rules for purposes of this Part

  105H. The Minister may make rules —(a) to prescribe anything which may be prescribed under this Part; and (b) for the purposes of carrying out the provisions of this Part.

• § 105HA — Confidentiality requirements for judicial review proceedings

  105HA.—(1) This section applies to a judicial review instituted by any person in respect of —(a) any action taken by the Comptroller to obtain information to comply with a request made under section 105D; (b) any disclosure or intended disclosure by the Comptroller of information pursuant to an arr

• § 105I — Interpretation of this Part

  105I. In this Part —“Action 13 Report” means the Transfer Pricing Documentation and Country‑by‑Country Reporting, Action 13 — 2015 Final Report published by the Organisation for Economic Co‑operation and Development on 5 October 2015; “CbCR exchange agreement” means a bilateral or multilateral agre

• § 105J — Purpose of this Part

  105J. The purpose of this Part is to implement Singapore’s obligations under an international tax compliance agreement, and to enable country‑by‑country reports to be filed with the Comptroller in accordance with the Action 13 Report.[34/2016]

• § 105K — International tax compliance agreements

  105K.—(1) The Minister may by order declare any of the following as an international tax compliance agreement for the purposes of this Part:(a) the agreement reached between the Government and the Government of the United States of America to facilitate compliance by financial institutions and other

• § 105L — Provision of information to Comptroller

  105L.—(1) Subject to subsection (5), a person falling within any description of persons prescribed by regulations (called in this section a prescribed person) must provide the Comptroller (or such other person as may be authorised by the Comptroller) with information of a description prescribed by t

• § 105M — Offences

  105M.—(1) Any person who, without reasonable excuse, fails or neglects to comply with —(a) section 105L(1); or (b) any regulation made under section 105P that requires the person to apply to the Comptroller for registration or report any information to the Comptroller, shall be guilty of an offenc

• § 105MA — Anti‑avoidance

  105MA.—(1) If —(a) a person enters into any arrangements or takes any action; and (b) in the Comptroller’s view, the main purpose, or one of the main purposes of the person in entering into the arrangements or in taking the action is to avoid any obligation under, or to circumvent the application o

• § 105N — Power of Comptroller to obtain information

  105N.—(1) Sections 65 to 65D (except section 65B(1D)) have effect for the purpose of enabling the Comptroller to obtain any information for the purpose of —(a) complying with any provision of an international tax compliance agreement; (b) enabling Singapore to carry out its obligations under any pr

• § 105O — Information may be used for administration of Act

  105O. To avoid doubt, any information provided or obtained under section 105L or 105N may be used for any purpose connected with the administration of this Act, including the investigation or a prosecution for an offence alleged or suspected to have been committed under this Act.

• § 105P — Regulations to implement international tax compliance agreements, etc.

  105P.—(1) The Minister may make regulations for, or in connection with, giving effect to or enabling effect to be given to —(a) an international tax compliance agreement; or (b) any future competent authority agreement which may be declared as an international tax compliance agreement under section

• § 105PA — Duty to provide information under regulations prevails over duty of secrecy, etc.

  105PA.—(1) This section applies where a regulation made under section 105P imposes a duty on a person (A) to —(a) provide any information to another person; (b) require A’s internal auditor or appoint another person to carry out an audit for the purpose of determining the extent of compliance by A

• § 105Q — Confidentiality requirements for judicial review proceedings

  105Q.—(1) This section applies to a judicial review instituted by any person in respect of —(a) any action taken by the Comptroller to obtain information for the purpose of complying with any provision of an international tax compliance agreement or to enable Singapore to carry out its obligations u

• § 105R — Revocation of approval

  105R.—(1) This section applies where —(a) either —(i) a person is approved by the Minister, an authorised body or a person appointed by the Minister (called in this subsection the approving authority) under a prescribed section for a tax incentive to be applied to the person’s income under that prov

• § 105S — Conditions for application of tax incentive treated as conditions of approval

  105S.—(1) This section applies to each of the following approvals made before 2 December 2019:(a) an approval of a Finance and Treasury Centre of a company under section 43E for tax at a concessionary rate to be levied on the company’s income under regulations made under that section; (b) an approv

• § 106 — Powers to amend Schedules

  106.—(1) Parliament may, by resolution, add to, vary or revoke the whole or any part of any Schedule.(2) Parliament may, by resolution, exempt any person or class of persons from all or any of the provisions of this Act. (3) The Minister may, by order in the Gazette, amend, add to or revoke the who

• § 107 — Variable capital companies or VCCs

  107.—(1) For the purposes of this Act, and subject to the modifications in this section and the rules under subsection (30), a reference to a company in this Act and the subsidiary legislation made under it includes a VCC.[28/2019] (2) Accordingly, a reference to a body of persons (by reason of it b

• § 108 — Advance rulings

  108.—(1) The Comptroller may, on an application made by a person in accordance with Part 1 of the Seventh Schedule, make a ruling on any of the matters specified in that Part in accordance with that Part.(2) Part 1 of the Seventh Schedule applies to and in connection with an application under subsec

• § 10A — Profits of unit trusts

  10A.—(1) Despite any other provisions of this Act, the Minister may by regulations —(a) provide that tax on gains or profits derived on or after 1 July 1989 from the disposal of securities by an approved unit trust is to be levied and paid for each year of assessment by the trustees upon such percen

• § 10B — Excess provident fund contributions, etc., from employer deemed to be income

  10B.—(1) Despite section 13(1)(j), where in any year, contributions have been made by an employer in respect of an employee under section 7 of the Central Provident Fund Act 1953 —(a) any part of the employer’s contributions, in respect of ordinary or additional wages paid to the employee in that ye

• § 10BA — Voluntary contributions by platform operator deemed to be income

  10BA. Despite section 13(1)(j) but subject to section 13(1)(jd), where in any year, contributions have been made by a platform operator to the Central Provident Fund account of any platform worker under section 8A of the Central Provident Fund Act 1953, any part of such contribution, which is not ob

• § 10C — Income from finance or operating lease

  10C.—(1) Despite any other provisions of this Act, the Minister may by regulations provide for the circumstances in which the Comptroller may direct that allowances under section 19, 19A, 20, 21, 22 or 23 in respect of any machinery or plant which is leased under a finance lease entered into on or a

• § 10D — Ascertainment of income from business of making investments

  10D.—(1) Despite any other provisions of this Act, in determining the income of a company or trustee of a property trust derived from any business of the making of investments, the following provisions apply:(a) any outgoings and expenses incurred by the company or trustee of a property trust in res

• § 10E — Ascertainment of income from certain public‑private partnership arrangements

  10E.—(1) Where —(a) a contract is entered into on or after 29 December 2009 between the Government or any approved statutory body and any person under a public‑private partnership arrangement; and (b) the contract is or contains a finance lease recognised as such by the lessor in accordance with FR

• § 10F — Ascertainment of income from business of hiring out motor cars or providing driving instruction or chauffeur services

  10F.—(1) Despite any other provisions of this Act, in determining the income derived by any person for any year of assessment from any business of hiring out motor cars or of providing driving instruction using motor cars, the following provisions apply:(a) any outgoings and expenses incurred in res

• § 10G — Withdrawals from Supplementary Retirement Scheme

  10G.—(1) Where the amount of withdrawals made by an SRS member from his or her SRS account in any year exceeds the amount the SRS member contributed to his or her SRS account in that year, the excess amount withdrawn from his or her SRS account is, subject to subsections (3), (3G), (6), (7), (8) and

• § 10H — Securities lending or repurchase arrangement

  10H.—(1) For the purpose of determining whether an amount, other than any fee payable under a securities lending or repurchase arrangement, should be taken into account in ascertaining the gains or profits from any transfer of securities under the arrangement in respect of which a transferor is char

• § 10I — Additional Tier 1 capital instruments

  10I.—(1) Any distribution by —(a) a bank incorporated in Singapore with a full banking licence; or (b) a designated financial holding company that has a subsidiary that is a bank mentioned in paragraph (a), that is liable to be made in respect of an AT1 instrument in the basis period for the year

• § 10J — Tax treatment for trading stock appropriated for non‑trade or capital purpose

  10J.—(1) This section applies where, at any time on or after 16 November 2021, a person carrying on a trade or business appropriates any trading stock of that trade or business for a purpose other than for sale or disposal in the ordinary course of any of the person’s trades or businesses in circums

• § 10K — Tax treatment for covered bond transactions

  10K.—(1) This section applies where —(a) an approved covered bond company derives income from any cover pool for covered bonds issued by a bank incorporated in Singapore (directly or through its overseas branch), being covered bonds that are issued in compliance with the MAS Notice during the period

• § 10L — Gains from the sale of foreign assets

  10L.—(1) Despite anything in this Act, gains from the sale or disposal by an entity (called in this section the seller entity) of a relevant group of any movable or immovable property situated outside Singapore at the time of such sale or disposal or any rights or interest thereof (called in this se

• § 11 — Ascertainment of income of clubs, trade associations, etc.

  11.—(1) A body of persons, whether corporate or unincorporate, that carries on a club or similar institution and receives from its members not less than half of its gross receipts on revenue account (including entrance fees and subscriptions) is not deemed to carry on a business; but where less than

• § 12 — Sources of income

  12.Trading operations carried on partly in Singapore —(1) Where a non‑resident person carries on a trade or business of which only part of the operations is carried on in Singapore, the gains or profits of the trade or business are deemed to be derived from Singapore to the extent to which such gai

• § 13 — Exempt income

  13.—(1) There is exempt from tax —(a) subject to subsection (2) and such conditions as may be prescribed by regulations, the interest derived from —(i) any qualifying debt securities issued during the period from 28 February 1998 to 31 December 2028 (both dates inclusive) by any person who is not re

• § 13A — Exemption of shipping profits

  13A.—(1) There is exempt from tax the income of a shipping enterprise derived or deemed to be derived from the operation of Singapore ships or foreign ships as hereinafter provided.(1A) For income derived before 19 February 2020, such exemption in respect of Singapore ships is backdated to the date

• § 13B — Assessment of income not entitled to exemption under section 43A, 43C, 43D or 43H

  13B.—(1) Despite section 13(1)(y), where it appears to the Comptroller that any income of a person which has been exempted from tax under regulations made under section 43A, 43C, 43D or 43H, ought not to have been so exempted for any year of assessment, the Comptroller may, at any time within 4 year

• § 13C — Exemption of income of trustee of trust fund arising from funds managed by fund manager in Singapore

  13C.—(1) There is exempt from tax such income as the Minister may by regulations prescribe of the trustee of any prescribed trust fund arising from funds managed in Singapore by any fund manager.(2) The Minister may by regulations —(a) make such transitional and saving provisions as the Minister may

• § 13D — Exemption of income of prescribed persons arising from funds managed by fund manager in Singapore

  13D.—(1) There is exempt from tax such income as the Minister may by regulations prescribe of any prescribed person arising from funds managed in Singapore —(a) for income derived on or before 31 December 2024 — by any fund manager; or (b) for income derived on or after 1 January 2025 — by a fund m

• § 13E — Exemption of international shipping profits

  13E.—(1) Subject to subsections (1A) and (2), there is exempt from tax the income of an approved international shipping enterprise derived —(a) on or after 1 April 1991 from —(i) the carriage of passengers, mail, livestock or goods from outside the limits of the port of Singapore by any foreign ship

• § 13F — Exemption of income of foreign trust

  13F.—(1) There is exempt from tax such income as the Minister may by regulations prescribe of such foreign trust or eligible holding company established for the purposes of such foreign trust as specified in those regulations, or as approved by the Minister or authorised body, and administered by a

• § 13G — Exemption of income of venture company

  13G.—(1) The Minister may make regulations to provide that such income as the Minister may specify of an approved venture company derived by it from making authorised investments is exempt from tax.[34/2016; 41/2020] (2) Regulations made under subsection (1) may provide for the determination of the

• § 13H — Exemption of tax on gains or profits from equity remuneration incentive scheme (SMEs)

  13H.—(1) Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry of the minimum holding period, from any stock option granted during the period from 1 June 2000 to 31 December 2013 (both dates inclusive), or any right or benefit under any share acquisitio

• § 13I — Exemption of tax on gains or profits from equity remuneration incentive scheme

  13I.—(1) Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry of the minimum holding period, from any stock option granted during the period from 1 April 2001 to 31 December 2013 (both dates inclusive), or any right or benefit under any share acquisiti

• § 13J — Exemption of tax on gains or profits from equity remuneration incentive scheme (start‑ups)

  13J.—(1) Where a qualifying employee derives any gains or profits in any year of assessment, after the expiry of the minimum holding period, from any right or benefit under any share acquisition scheme granted during the period from 16 February 2008 to 15 February 2013 (both dates inclusive) to acqu

• § 13K — Exemption of tax on income derived by non‑ordinarily resident individual

  13K.—(1) Where an NOR individual is resident in Singapore in any year of assessment within the period he or she is an NOR individual, he or she may, within such time in that year of assessment and in such manner as may be specified by the Comptroller, elect for all or any of the following income of

• § 13L — Exemption of income of foreign account of philanthropic purpose trust

  13L.—(1) There is exempt from tax such income derived from —(a) any funds or assets in any foreign account of a philanthropic purpose trust constituted on or after 18 February 2005 and administered by a trustee company in Singapore; and (b) any funds or assets of an eligible holding company establi

• § 13M — Exemption of income derived from asset securitisation transaction

  13M.—(1) There is exempt from tax, subject to such conditions as may be prescribed by regulations, income derived by an approved securitisation company resident in Singapore from asset securitisation transaction entered into during the period from 27 February 2004 to 31 December 2028 (both dates inc

• § 13N — Exemption of relevant income of prescribed locally‑administered trust

  13N.—(1) There is exempt from tax all relevant income of —(a) such locally‑administered trust as the Minister may by regulations prescribe; and (b) a holding company established for the purposes of such trust, as the Minister may by regulations prescribe. (2) Where any relevant income of a prescri

• § 13O — Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore

  13O.—(1) Subject to such conditions as may be prescribed by regulations, specified in the letter of approval of the company, or specified from time to time by the Minister or an authorised body and either notified to the company or published in a manner that the Minister or authorised body reasonabl

• § 13OA — Exemption of income of partners of limited partnership arising from funds managed by fund manager in Singapore

  13OA.—(1) Subject to such conditions as may be —(a) prescribed by regulations; (b) specified in the letter of approval of the limited partnership; or (c) specified from time to time by the Minister or an authorised body and either notified to the limited partnership or published in a manner that t

• § 13P — Exemption of income of shipping investment enterprise

  13P.—(1) Subject to subsections (1G) and (4), there is exempt from tax the income derived by an approved shipping investment enterprise —(a) before 25 March 2016 from the chartering or finance leasing of any seagoing ship, acquired by the approved shipping investment enterprise before or during the

• § 13Q — Exemption of trust income to which beneficiary is entitled

  13Q.—(1) Where any beneficiary of a trust who is resident in Singapore is entitled to any share of the statutory income of the trust, that share is exempt from tax in the beneficiary’s hands if it would have been exempt from tax under any provision of this Part had it been derived or received direct

• § 13QA — Exemption of estate income received by beneficiary, etc.

  13QA. Where a person resident in Singapore is a beneficiary of an estate administered in Singapore, and any share of the statutory income of the estate is received by, distributed to or applied to the benefit of that person, that share is exempt from tax in the person’s hands if it would have been e

• § 13R — Exemption of income of not‑for‑profit organisation

  13R.—(1) There is exempt from tax any income of an approved not‑for‑profit organisation.(2) The Minister or an authorised body may, during the period from 15 February 2007 to 31 December 2027 (both dates inclusive), approve any not‑for‑profit organisation for the purposes of subsection (1).[37/2014;

• § 13S — Exemption of income derived by law practice from international arbitration held in Singapore

  13S.—(1) Any law practice intending to provide legal services in connection with any international arbitration may, from 1 July 2007 to 30 June 2017 (both dates inclusive), apply to the Minister, or such person as the Minister may appoint, for approval as an approved law practice.(2) Where the Minis

• § 13T — Exemption of relevant income of eligible family‑owned investment holding company

  13T.—(1) There is exempt from tax all relevant income of an eligible family‑owned investment holding company.(2) For the purposes of subsection (1), the Minister may make regulations to provide for the deduction of expenses, allowances and losses of an eligible family‑owned investment holding compan

• § 13U — Exemption of income arising from funds managed by fund manager in Singapore

  13U.—(1) Subject to such conditions as may be prescribed by regulations, or specified in the letter of approval of the person, master fund, feeder fund, SPV, master‑feeder fund structure, master‑feeder fund‑SPV structure or master fund‑SPV structure, or specified from time to time by the Minister or

• § 13V — Exemption of certain income of prescribed sovereign fund entity, approved foreign government-owned entity, and prescribed or approved international organisation

  13V.—(1) There is exempt from tax such income as the Minister may by regulations prescribe of —(a) a prescribed sovereign fund entity arising from its funds that are managed in Singapore by an approved foreign government‑owned entity;[Act 35 of 2024 wef 07/02/2024] (b) an approved foreign governmen

• § 13W — Exemption of gains or profits from disposal of ordinary shares or preference shares

  13W.—(1) There is exempt from tax any gains or profits derived by a company (called in this section divesting company A) from the disposal of ordinary shares in another company (called in this section investee company B) which are legally and beneficially owned by divesting company A immediately bef

• § 13X — Exemption of certain payments received in connection with COVID‑19 events

  13X.—(1) The following are exempt from tax:(a) a cash payment made on behalf of the Government to a person under the public scheme known as the Self‑Employed Person Income Relief Scheme (SIRS), that is part of the Budget Statements of the Government dated 26 March 2020 and 6 April 2020; (b) a cash

• § 14 — Deductions allowed

  14.—(1) For the purpose of ascertaining the income of any person for any period from any source chargeable with tax under this Act (called in this Part the income), there are to be deducted all outgoings and expenses wholly and exclusively incurred during that period by that person in the production

• § 14A — Deduction for costs for protecting intellectual property

  14A.—(1) Subject to this section, where a person carrying on a trade or business has incurred —(a) patenting costs during the period from 1 June 2003 to the last day of the basis period for the year of assessment 2010 (both dates inclusive); or (b) qualifying intellectual property registration cost

• § 14B — Further deduction for expenses relating to approved trade fairs, exhibitions or trade missions, maintenance of overseas trade office, or electronic commerce

  14B.—(1) Subject to this section, where the Comptroller is satisfied that the expenses specified in subsection (2) have been incurred by an approved firm or company resident in or having a permanent establishment in Singapore for the primary purpose of —(a) promoting the trading of goods or the prov

• § 14C — Expenditure on research and development

  14C.—(1) For the purpose of ascertaining the income of any person carrying on any trade or business and subject to subsection (4), the following expenditure incurred (other than any amount which is allowable as a deduction under section 14) by that person is allowed as a deduction:(a) expenditure in

• § 14D — Enhanced deduction for qualifying expenditure on research and development

  14D.—(1) Subject to this section, for the purpose of ascertaining the income of a person carrying on any trade or business during the basis period for any year of assessment between the year of assessment 2009 and the year of assessment 2028 (both years inclusive), there is allowed in respect of all

• § 14E — Further deduction for expenditure on research and development project

  14E.—(1) Subject to this section, where the Comptroller is satisfied that —(a) a person carrying on any trade or business has incurred expenditure in undertaking directly by the person, or in paying a research and development organisation to undertake on the person’s behalf, an approved research and

• § 14EA — Deduction for expenditure incurred on qualifying innovation projects

  14EA.—(1) Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis period for any year of assessment between the years of assessment 2024 and 2028 (both years inclusive), there is allowed in respect of all of the person’s trades

• § 14EB — Deduction for payment under innovation cost-sharing agreement

  14EB.—(1) Subject to this section, where a company carrying on a trade or business has made, in the period specified under subsection (2)(b) for that agreement, any payment under an innovation cost-sharing agreement approved by the Minister or an authorised body on or after 19 February 2025 in respe

• § 14F — Expenditure on building modifications for benefit of disabled employees

  14F.—(1) Subject to subsections (2) and (3), where any person being the owner or lessee of any premises and carrying on a trade, business or profession at those premises has incurred approved expenditure on any addition or alteration to those premises for the purpose of facilitating the mobility or

• § 14G — Provisions by banks and qualifying finance companies for impairment losses, etc., from non‑credit‑impaired loans and securities

  14G.—(1) Subject to this section, for the purpose of ascertaining the income for the basis period for any year of assessment of a bank or qualifying finance company, there is allowed as a deduction an amount in respect of provisions made in that basis period by the bank or qualifying finance company

• § 14H — Further or double deduction for overseas investment development expenditure

  14H.—(1) Where the Comptroller is satisfied that any investment development expenditure for the carrying out of an approved investment project overseas has been incurred by an approved firm or company resident in Singapore and carrying on business in Singapore, there is to be allowed —(a) where such

• § 14I — Further or double deduction for salary expenditure for employees posted overseas

  14I.—(1) Where the Comptroller is satisfied that —(a) an approved firm or company resident and carrying on business in Singapore has incurred, at any time between 1 July 2015 and 31 December 2025 (both dates inclusive), salary expenditure specified for it under subsection (7) for its employees poste

• § 14J — Deduction for upfront land premium

  14J.—(1) Where the Comptroller is satisfied that an upfront land premium has been paid by a lessee to a relevant body in respect of a designated lease for the construction or use of a building or structure for the purposes of carrying on any qualifying activity in that building or structure, there i

• § 14K — Deduction for special reserve of approved general insurer

  14K.—(1) The Minister may by regulations provide that, for the purpose of ascertaining the income of a general insurer approved by the Minister or such person as the Minister may appoint from carrying on the business of insuring and reinsuring offshore risks, there is to be allowed for a period of 1

• § 14L — Deduction for treasury shares transferred under employee equity‑based remuneration scheme

  14L.—(1) Where a company transfers, in the basis period for the year of assessment 2007 or any subsequent year of assessment, treasury shares held by it to any person under a stock option scheme or a share award scheme by reason of any office or employment held in Singapore by that person, there is

• § 14M — Deduction for shares transferred by special purpose vehicle under employee equity‑based remuneration scheme

  14M.—(1) Where —(a) a special purpose vehicle has acquired treasury shares or previously issued shares in a company and, in the basis period for any year of assessment between the year of assessment 2012 and the year of assessment 2025 (both years inclusive), transfers those shares to any person und

• § 14MA — Deduction for new shares issued by holding company under employee equity‑based remuneration scheme

  14MA.—(1) Where —(a) in the basis period for the year of assessment 2026 or any subsequent year of assessment —(i) a company issues new shares; or (ii) a special purpose vehicle that was issued new shares of a company (whether or not those shares were issued in that basis period) transfers those sh

• § 14N — Deduction for renovation or refurbishment expenditure

  14N.—(1) Subject to this section, where any person carrying on a trade, profession or business has incurred on or after 16 February 2008 expenditure on any renovation or refurbishment works for the purposes of that trade, profession or business (called in this section renovation or refurbishment exp

• § 14O — Deduction for qualifying training expenditure for years of assessment 2011 to 2018

  14O.—(1) Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis period for the year of assessment 2011 or the year of assessment 2012, there is allowed in respect of all of the person’s trades and businesses, in addition to th

• § 14P — Deduction for qualifying design expenditure

  14P.—(1) Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis period for the year of assessment 2011 or the year of assessment 2012, there are allowed, in respect of all of the person’s trades and businesses, the following d

• § 14Q — Deduction for expenditure on leasing of PIC automation equipment under qualifying lease

  14Q.—(1) Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis period for the year of assessment 2011 or the year of assessment 2012, there is allowed in respect of all of the person’s trades and businesses, in addition to th

• § 14R — Deduction for expenses incurred before first dollar of income from trade, business, profession or vocation

  14R.—(1) Subject to section 14X, a person who —(a) derives the first dollar of income from a trade, business, profession or vocation in an applicable basis period; and (b) incurs a previous expense for which the person would have been allowed a deduction or further deduction under a provision of th

• § 14S — Deduction for amortisation of intangible asset created under public‑private partnership arrangement

  14S.—(1) Where —(a) a person provides services under a public‑private partnership arrangement —(i) that is the subject of a contract entered into between the Government or any approved statutory body and any person; and (ii) to which INT FRS 112 or SFRS(I) INT 12 applies; (b) section 10E(1A) or (1

• § 14T — Deduction for expenditure on licensing intellectual property rights

  14T.—(1) Subject to this section and section 37J, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis period for the year of assessment 2013, 2014 or 2015, there is allowed, in respect of all of the person’s trades and businesses and in addition to

• § 14U — Enhanced deduction for expenditure on licensing intellectual property rights

  14U.—(1) Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis period for any year of assessment between the years of assessment 2019 and 2028 (both years inclusive), there is to be allowed in respect of all of the person’s t

• § 14V — Deduction for expenditure incurred to comply with statutory and regulatory requirements

  14V.—(1) For the purpose of ascertaining the income of any person for the basis period for the year of assessment 2014 or any subsequent year of assessment, the following expenditure, not being capital expenditure, incurred during the basis period by that person is allowed as a deduction for that ye

• § 14W — Deduction for expenditure incurred by individual in deriving passive rental income in Singapore

  14W.—(1) This section applies for the purpose of ascertaining an individual’s income for the basis period for the year of assessment 2016 or a subsequent year of assessment from the letting of a residential property or a part of a residential property in Singapore (not being an excluded property for

• § 14X — Attribution of deductible expenses incurred before commencement of trade, etc.

  14X.—(1) This section applies where —(a) a person derives the first dollar of income from a trade, business, profession or vocation in a basis period; (b) the person incurs an expense —(i) before the date the person derives the first dollar of income mentioned in paragraph (a); but (ii) on or afte

• § 14Y — Further or double deduction for qualifying expenditure on issue of debentures and making available debentures for secondary trading

  14Y.—(1) Where the Comptroller is satisfied that qualifying expenditure in connection with —(a) an issue of post‑seasoning debentures offered in reliance on an exemption under the Post‑seasoning Debentures Regulations within 5 years starting from the date of issue of the corresponding seasoned deben

• § 14Z — Deduction for expenditure for services or secondment to institutions of a public character

  14Z.—(1) Subject to this section, where the Comptroller is satisfied that a qualifying person has incurred, during the period between 1 July 2016 and 31 December 2026 (both dates inclusive), qualifying expenditure in respect of —(a) the provision during that period by a qualifying employee of the qu

• § 14ZA — Deduction for expenditure incurred in deriving income from driving chauffeured private hire car or taxi

  14ZA.—(1) Subsection (2) applies for the purpose of ascertaining an individual’s income from driving a chauffeured private hire car or taxi for an authorised purpose that is chargeable to tax under section 10(1)(a) (called in this section specified income), for the basis period for the year of asses

• § 14ZB — Deduction for expenditure incurred by individual in deriving commission

  14ZB.—(1) This section applies for the purpose of ascertaining, for the basis period for the year of assessment 2020 or a subsequent year of assessment, a qualifying individual’s income by way of commission that is derived from carrying on one or more trades, businesses, professions or vocations tha

• § 14ZC — Deduction for payments made to drivers of chauffeured private hire cars and taxis

  14ZC.—(1) Each provision in the first column of the following table applies for the purpose of ascertaining the income of a Tenth Schedule entity for the basis period for each year of assessment set out opposite that provision in the second column of the table:Provision Year of assessment Subsecti

• § 14ZD — Deduction for payments made to lessees or licensees to mitigate impact of COVID‑19 event

  14ZD.—(1) Each provision in the first column of the following table applies for the purpose of ascertaining the income of a person set out opposite that provision in the second column of the table, for the basis period for each year of assessment set out opposite that income in the third column of t

• § 14ZE — Deduction for expenditure incurred in obtaining or granting, etc., leases of immovable properties

  14ZE.—(1) Subject to subsections (3), (4) and (5), for the purpose of ascertaining the income of a person from the carrying on of a trade or business during the basis period for the year of assessment 2022 or any subsequent year of assessment, there is to be allowed a deduction for any expenditure i

• § 14ZF — Deduction for expenditure incurred on immovable property while vacant

  14ZF.—(1) This section applies where an immovable property used by a person to derive rental income chargeable to tax under section 10(1)(f), in the basis period for the year of assessment 2022 or a subsequent year of assessment, is vacant during any part of the basis period.[27/2021] (2) Subject to

• § 14ZG — Deduction for qualifying training expenditure for years of assessment 2024 to 2028

  14ZG.—(1) Subject to this section, for the purpose of ascertaining the income of a person carrying on a trade or business during the basis period for any year of assessment between the years of assessment 2024 and 2028 (both years inclusive), there is allowed in respect of all of the person’s trades

• § 14ZH — Deduction for expenditure incurred in deriving income from providing delivery services

  14ZH.—(1) This section applies for the purpose of ascertaining, for the basis period for the year of assessment 2024 or a subsequent year of assessment, a qualifying individual’s income from performing delivery services by prescribed means, that is chargeable to tax under section 10(1)(a) and in res

• § 14ZI — Deduction for real estate investment trust units held by managers of real estate investment trusts

  14ZI.—(1) This section applies for the purpose of ascertaining, for the basis period for the year of assessment 2026 or a subsequent year of assessment, the income of a REIT manager.(2) Despite any other provision in this Part, where a REIT manager transfers any REIT units to an employee as remunera

• § 14ZJ — Deduction for expenditure on green certificates and green credits

  14ZJ.—(1) A person carrying on a trade or business who surrenders any green certificates or green credits prescribed by rules made under section 7 is allowed, for the year of assessment relating to the basis period in which the person surrenders them, a deduction for any qualifying expenditure the p

• § 15 — Deductions not allowed

  15.—(1) Despite the provisions of this Act, for the purpose of ascertaining the income of any person, no deduction is allowed in respect of —(a) domestic or private expenses except as provided in section 14(1)(g); (b) any disbursements or expenses not being money wholly and exclusively laid out or

• § 15A — Limit on deduction allowed for leasing or licensing expenditure in 2020

  15A.—(1) No deduction is allowed in respect of expenditure incurred in the year 2020 by a person on leasing or licensing any immovable property in relation to which a remission of property tax is given by the Property Tax (Non‑Residential Properties) (Remission) Order 2020, of an amount described in

• § 15B — Limit on deduction allowed for leasing or licensing expenditure in 2021

  15B.—(1) No deduction is allowed in respect of any expenditure incurred in the year 2021 by a person who is a lessee or licensee of any prescribed property on the leasing or licensing of that property, of an amount described in subsection (2).[27/2021] (2) The amount mentioned in subsection (1) is t

• § 16 — Initial and annual allowances for industrial buildings and structures

  16.—(1) Where, in or after the basis period for the first year of assessment under this Act, a person incurs capital expenditure on the construction of a building or structure which is to be an industrial building or structure occupied for the purposes of a trade, there is to be made to the person w

• § 17 — Balancing allowances and charges for industrial buildings and structures

  17.—(1) Where any of the events referred to in subsection (1A) occurs while a building or structure is an industrial building or structure or after it has ceased to be one and —(a) any capital expenditure has been incurred on the construction of the building or structure before 1 January 2006; or (

• § 18 — Definitions for sections 16, 17 and 18B

  18.—(1) Subject to this section, in sections 16, 17 and 18B, “industrial building or structure” means a building or structure in use —(a) for the purposes of a trade carried on in a mill, factory or other similar premises; (b) for the purposes of a transport, dock, water or electricity undertaking;

• § 18B — Transitional provisions for capital expenditure incurred on industrial buildings or structures on or after 23 February 2010

  18B.—(1) Despite section 16(15) but subject to subsection (11), where a person incurs on or after 23 February 2010 capital expenditure on the construction of a building or structure which is to be an industrial building or structure upon the completion of the construction works, other than one refer

• § 18C — Initial and annual allowances for certain buildings and structures

  18C.—(1) Where any person proposes to incur or has incurred on or after 23 February 2010 qualifying capital expenditure on the construction or renovation of a building or structure on industrial land for which an application for planning permission or conservation permission is made to the competent

• § 19 — Initial and annual allowances for machinery or plant

  19.—(1) Where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant for the purposes of that trade, profession or business, there is to be made to the person, on due claim for the year of assessment in the basis period for which the ex

• § 19A — Allowances of 3 years or 2 years write‑off for machinery and plant, and 100% write‑off for computer, prescribed automation equipment and robot, etc.

  19A.—(1) Despite section 19, where a person carrying on a trade, profession or business incurs capital expenditure on the provision of machinery or plant for the purposes of that trade, profession or business, there is to be made to the person, on due claim for any year of assessment and in lieu of

• § 19B — Writing‑down allowances for intellectual property rights

  19B.—(1) Subject to this section, where a company carrying on a trade or business has incurred on or after 1 November 2003 capital expenditure in acquiring any intellectual property rights for use in that trade or business and the acquisition date of those rights is on or before the last day of the

• § 19C — Writing‑down allowances for approved cost‑sharing agreement for research and development activities

  19C.—(1) Subject to this section, where a person carrying on a trade or business has incurred expenditure under any cost‑sharing agreement entered into and approved on or after 17 February 2006, in respect of research and development activities for the purposes of that trade or business (called in t

• § 19D — Writing‑down allowance for IRU

  19D.—(1) Subject to this section, where a person carrying on a trade, business or profession has incurred capital expenditure during or after the basis period for the year of assessment 2004 for the acquisition of an indefeasible right to use any international telecommunications submarine cable syst

• § 19E — Use of open‑market price for making allowances under sections 19, 19A and 19D

  19E.—(1) This section applies for the purpose of making an allowance under section 19, 19A or 19D for capital expenditure incurred in acquiring any machinery, plant or IRU (called in this section the property), and applies despite anything in that section.[27/2021] (2) If the capital expenditure (no

• § 2 — Interpretation

  2.—(1) In this Act, unless the subject or context otherwise requires —“account with the electronic service”, in relation to any person, means a computer account within the electronic service which is assigned by the Comptroller to that person for the storage and retrieval of electronic records relat

• § 20 — Balancing allowances and charges for machinery or plant

  20.—(1) Except as provided in this section, where at any time after the setting up and on or before the permanent discontinuance of a trade, profession or business, any event occurs whereby machinery or plant in respect of which allowances under section 19 or 19A have been made to a person carrying

• § 21 — Replacement of machinery or plant

  21.—(1) Where machinery or plant in the case of which any of the events mentioned in section 20(1) has occurred is replaced by the owner thereof and a balancing charge falls to be made on the owner by reason of that event or, but for this section, would have fallen to be made on the owner by reason

• § 22 — Expenditure on machinery or plant

  22.—(1) Expenditure on the provision of machinery or plant includes capital expenditure on alterations to an existing building incidental to the installation of that machinery or plant for the purposes of the trade, profession or business.[39/2017] (2) Expenditure on the provision of machinery or pl

• § 22A — Order of set‑off of allowances

  22A.—(1) Where for any year of assessment the allowances consist of allowances a person is entitled to or allowances made to a person under section 16, 17, 18A (repealed), 18B, 18C, 19, 19A, 19B, 19C, 19D or 20 for that year of assessment and any previous year of assessment added to and deemed to fo

• § 23 — Carry forward of allowances

  23.—(1) Where, in any year of assessment, full effect cannot, by reason of an insufficiency of gains or profits chargeable for that year of assessment, be given to any allowance falling to be made under section 16, 17, 18A (repealed), 18B, 18C, 19, 19A, 19B, 19C, 19D or 20, then, so long as the pers

• § 24 — Special provisions as to certain sales

  24.—(1) This section, except subsection (5), has effect in relation to any sale of any property where the buyer is a body of persons over whom the seller has control, or the seller is a body of persons over whom the buyer has control, or both the seller and buyer are bodies of persons and some other

• § 25 — Special provisions as to certain transfers

  25.—(1) This section has effect in relation to any transfer of any property without consideration as a result of —(a) a conversion of a firm to a limited liability partnership under section 26 of the Limited Liability Partnerships Act 2005; (b) a conversion of a private company to a limited liabili

• § 26 — Profits of insurers

  26.—(1) Subject to sections 34A, 34AA and 34AAA, this section has effect despite anything to the contrary in this Act, except that nothing in this section affects the chargeability to tax of any income of an insurer under section 10.[39/2017] [Act 33 of 2022 wef 04/11/2022] Separate accounts to be m

• § 26A — Ascertainment of income of member of Lloyd’s syndicate

  26A.—(1) Where a business of insuring and reinsuring risks is carried on by any member of Lloyd’s through a syndicate formed to carry on the business in Singapore —(a) the income of the member of Lloyd’s from the syndicate in the basis period for any year of assessment is deemed to be the share to w

• § 27 — Profits of non‑resident shipowner or charterer

  27.—(1) Where a non‑resident person carries on the business of shipowner or charterer, the income on which tax is payable is to be ascertained as provided in this section.(2) Where, for any period, the non‑resident person produces a certificate complying with subsection (3) —(a) the profits accruing

• § 28 — Profits of non‑resident air transport and cable undertakings

  28. Where a non‑resident person carries on the business of air transport or of transmission of messages by cable or by any form of wireless apparatus, the non‑resident person is assessable to tax as if the non‑resident person were a non‑resident shipowner and section 27 applies, with the necessary m

• § 2A — Purpose of Act

  2A.—(1) Income tax is charged in accordance with this Act on the income of a person accruing in or derived from Singapore or received in Singapore from outside Singapore, or on such amounts deemed to be chargeable as such income under this Act.(2) Income tax (namely, DTT and MTT) is also charged in

• § 3 — Appointment of Comptroller and other officers

  3.—(1) For the due administration of this Act, the Minister may appoint a Comptroller of Income Tax, and such Deputy Comptrollers, Assistant Comptrollers and other officers and persons as may be necessary.[Act 5 of 2025 wef 09/03/2025] (2) The Minister may appoint a Senior Investigation Officer, Inc

• § 31 — Income arising from settlements

  31.—(1) Where under the terms of any settlement and during the life of the settlor any income, or assets representing it, will or may become payable or applicable to or for the benefit of any relative of the settlor and at the commencement of the year of assessment such relative is unmarried and has

• § 32 — Valuation of trading stock on discontinuance or transfer of trade or business

  32.—(1) In computing for any purpose of this Act the gains or profits of a trade or business which has been discontinued or transferred, any trading stock belonging to the trade or business at the discontinuance or transfer thereof is valued as follows:(a) in the case of any such trading stock —(i)

• § 32A — Valuation of cost of trading stock converted from non‑trade or capital asset

  32A.—(1) Where, at any time on or after 16 November 2021, any property of a person that is not trading stock becomes wholly or in part trading stock of the person’s trade or business, then, in computing the gains or profits arising from the sale or disposal of such trading stock, the open market val

• § 33 — Comptroller to disregard certain transactions and dispositions

  33.—(1) Subsection (2) applies where the Comptroller is satisfied that the purpose or effect of any arrangement is directly or indirectly —(a) to alter the incidence of any tax that is payable by or that would otherwise have been payable by any person; (b) to relieve any person from any liability t

• § 33A — Surcharge on adjustments under section 33

  33A.—(1) This section applies where, in the year of assessment 2023 or a subsequent year of assessment —(a) the Comptroller imposes a liability to tax or an additional amount of tax on a person for that year of assessment under section 33; (b) the Comptroller recomputes any gain, profit or loss of,

• § 34 — Decision of Comptroller no bar to appeal

  34. Nothing in section 32 prevents the decision of the Comptroller in the exercise of any discretion given to him or her by that section from being questioned in an appeal against an assessment in accordance with Part 18.[41/2020]

• § 34A — Adjustment on change of basis of computing profits of financial instruments resulting from FRS 39 or SFRS for Small Entities

  34A.—(1) Despite the provisions of this Act, the amount of any profit or loss (as the case may be) or expense to be brought into account for the basis period for any year of assessment in respect of any financial instrument of a qualifying person for the purposes of sections 10, 14, 14G and 37 is th

• § 34AA — Adjustment on change of basis of computing profits of financial instruments resulting from FRS 109 or SFRS(I) 9

  34AA.—(1) Despite the provisions of this Act but subject to section 34G(3), (4) and (5), the amount of any profit, loss or expense to be brought into account for the basis period for any year of assessment in respect of any financial instrument of a qualifying person for the purposes of sections 10,

• § 34AAA — Change of basis for computing profits from financial instruments for insurers

  34AAA.—(1) Despite the provisions of this Act but subject to section 34G(3), (4) and (5), the amount of any profit, loss or expense in respect of any financial instrument of a company licensed under the Insurance Act 1966 to carry on insurance business in Singapore (called in this section an insurer

• § 34AB — Chargeability of profit or loss from foreign exchange differences

  34AB.—(1) This section applies where a person is a party to a transaction that is or is to be settled in a currency that is different from the functional currency in which the person’s financial statements are kept.[45/2018] (2) Despite the provisions of this Act, for the purpose of sections 10 and

• § 34B — Islamic financing arrangements

  34B.—(1) This section applies to any prescribed Islamic financing arrangement entered into on or after 17 February 2006 between any person and a financial institution.(2) Subject to such exceptions, adaptations and modifications as may be prescribed, sections 10, 12, 13, 14, 15 and 45 and regulation

• § 34C — Amalgamation of companies

  34C.—(1) This section only applies to a qualifying amalgamation.Interpretation (2) In this section —“first 2 years of assessment”, in relation to an amalgamating company, means the year of assessment relating to the basis period during which the company is incorporated and the year of assessment im

• § 34CA — Transfer of businesses by insurer

  34CA.—(1) This section applies to a case where —(a) a licensed insurer that is a company incorporated in Singapore (called in this section the transferor) transfers the whole of its insurance business along with all businesses ancillary to it if any (collectively called in this section the insurance

• § 34D — Transactions not at arm’s length

  34D.—(1) Subsection (1A) applies where —(a) 2 persons are related parties; (b) conditions are made or imposed between them in their commercial or financial relations (called in this section actual commercial or financial relations) which differ from conditions which would be made or imposed if they

• § 34E — Surcharge on transfer pricing adjustments

  34E.—(1) Where the Comptroller, in relation to the year of assessment 2019 or any subsequent year of assessment —(a) increases the amount of the income of a person under section 34D(1A)(a); (b) reduces the amount of any deduction allowed to a person under section 34D(1A)(b); or (c) reduces the amo

• § 34F — Transfer pricing documentation

  34F.—(1) This section applies to the basis period for the year of assessment 2019 and every subsequent year of assessment.[39/2017] (2) This section applies to a company, firm or trust —(a) if the gross revenue of the company, firm or trust derived from its trade or business for the basis period con

• § 34G — Modification of provisions for companies redomiciled in Singapore

  34G.—(1) This section applies to a body corporate incorporated outside Singapore that is registered as a company limited by shares under Part 10A of the Companies Act 1967 (called in this section a redomiciled company).[39/2017; 45/2018] Interpretation (2) In this section —“FRS 109” and “SFRS(I) 9”

• § 34H — Tax credits for approved redomiciled companies

  34H.—(1) This section applies where —(a) an approved redomiciled company has income (called in this section income A) that is chargeable to tax in one or more years of assessment beginning with the year of assessment for the basis period in which its registration date falls; and (b) the company’s p

• § 34I — Adjustments arising from adoption of FRS 115 or SFRS(I) 15

  34I.—(1) This section applies where —(a) a person prepares or maintains the person’s financial accounts for any basis period for a year of assessment in accordance with FRS 115 or SFRS(I) 15 for the first time (called in this section the initial year of assessment); (b) as a result of the applicati

• § 34J — Tax treatment arising from adoption of FRS 116 or SFRS(I) 16

  34J.—(1) Where an MSI recipient (called in this section an electing recipient) makes an election in accordance with subsection (10) to adopt the tax treatment under this section, then, despite any other provision of this Act, that tax treatment applies in relation to the electing recipient in accord

• § 34K — Net tonnage basis of taxation

  34K.—(1) Despite any other provision of this Act, an MSI recipient may elect for all of its qualifying income derived during its incentive period for the year of assessment 2024 or any subsequent year of assessment to be taxed in accordance with this section.(2) Where an election is made by an MSI r

• § 35 — Basis for computing statutory income

  35.—(1) Except as provided in this section, the income of any person for each year of assessment (called in this Act the statutory income) is the full amount of the person’s income for the year preceding the year of assessment from each source of income after the deduction provided under subsection

• § 35A — Cessation of source of income commenced before 1 January 1969

  35A.—(1) This section only applies to any trade, business, profession, vocation or employment (except subsidiary employment which had not been treated as a new source on commencement) which commenced before 1 January 1969.(2) Subject to subsection (3), where a person permanently ceases to carry on o

• § 36 — Partnership

  36.—(1) Where a trade, business, profession or vocation is carried on by 2 or more persons jointly —(a) the income of any partner from the partnership for any period is deemed to be the share to which the partner was entitled during that period in the income of the partnership, such income being asc

• § 36A — Limited liability partnership

  36A.—(1) For the purposes of this Act, where a limited liability partnership carries on a trade, business, profession or vocation —(a) all the activities of the partnership are treated as carried on in partnership by its partners (and not by the partnership as such); (b) anything done by, to or in

• § 36B — Registered business trusts

  36B.—(1) For the purposes of this Act, except as otherwise provided, references to a company include a reference to a registered business trust or, as the context requires, to the trustee‑manager of a registered business trust subject to the following modifications:(a) sections 23 and 37 apply to a

• § 36C — Limited partnership

  36C.—(1) For the purposes of this Act, except as otherwise provided —(a) references to a partnership include references to a limited partnership; and (b) references to partners of a partnership include references to partners of a limited partnership. (2) In ascertaining the income of a limited par

• § 37 — Assessable income

  37.—(1) The assessable income of any person from all sources chargeable with tax under this Act for any year of assessment is the remainder of the person’s statutory income for that year after the deductions allowed in this Part have been made.(2) For the purposes of this section, unless otherwise p

• § 37A — Adjustment of capital allowances, losses or donations between income subject to tax at different rates

  37A.—(1) This section applies where —(a) a company has income subject to tax at different rates of tax for the year of assessment concerned, and there are UALD in respect of income that is subject to tax at one of those rates of tax; [Act 33 of 2022 wef 04/11/2022] (b) a company has income subject

• § 37AA — Deduction for donation of money by person related to or connected with company approved under section 13O, limited partnership approved under section 13OA or person, master fund, etc., approved under section 13U

  37AA.—(1) For the purpose of ascertaining the assessable income for any year of assessment of a person mentioned in subsection (2) that is approved as an approved donor for the purpose of this section, there is to be deducted an amount computed in accordance with subsection (4) of all donations of m

• § 37AB — Deduction for donation of money for overseas emergency humanitarian assistance

  37AB.—(1) For the purpose of ascertaining the assessable income for any year of assessment of a person (called in this section the donor), there is to be deducted an amount computed in accordance with subsection (4) of all qualifying overseas cash donations made by the donor in the year immediately

• § 37B — Group relief for Singapore companies

  37B.—(1) Subject to the provisions of this section, a transferor company may transfer any qualifying deduction for any year of assessment to a claimant company of the same group which has claimed the qualifying deduction against its assessable income for the same year of assessment.(2) A transfer of

• § 37C — Transfer of qualifying deduction between spouses

  37C.—(1) Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessment to a spouse living with him or her who has claimed the qualifying deduction against her or his assessable income for the same year of assessment.(1A) No transfer may be

• § 37D — Carry‑back of capital allowances and losses

  37D.—(1) Subject to the provisions of this section, a person may deduct any qualifying deduction for any year of assessment against the person’s assessable income for the immediate preceding year of assessment.(1A) Subject to the other provisions of this section, a person may, instead of deducting a

• § 37E — Carry‑back of capital allowances and losses between spouses

  37E.—(1) Subject to the provisions of this section, an individual may transfer any qualifying deduction for any year of assessment to a spouse living with him or her who has claimed any qualifying deduction under this section against her or his assessable income for the immediate preceding year of a

• § 37F — Deduction for incremental expenditure on research and development

  37F.—(1) Subject to this section, where any company incurs during the basis period for any year of assessment between the year of assessment 2010 and the year of assessment 2016 (both years inclusive) any incremental qualifying research and development expenditure, then there is to be allowed to tha

• § 37G — Cash payout under Productivity and Innovation Credit Scheme

  37G.—(1) Subject to this section, where any qualifying person has incurred expenditure —(a) during the basis period relating to the year of assessment 2011 or the year of assessment 2012; or (b) during any quarter of a basis period relating to the year of assessment 2013, the year of assessment 201

• § 37H — Productivity and Innovation Credit bonus

  37H.—(1) For each of the years of assessment 2013, 2014 and 2015, a person, being a company or firm (including a partnership) (called in this section an eligible person), is entitled to be given an amount in cash (called in this section the Productivity and Innovation Credit Scheme bonus or PIC bonu

• § 37I — Modification of sections 37G and 37H in their application to partnership

  37I.—(1) A reference to a qualifying person in section 37G (including the person who has to satisfy the conditions for a cash payout), and a reference to an eligible person in section 37H (including the person who has to satisfy the conditions for the PIC bonus) is in each case, where the person is

• § 37J — Enhanced deduction or allowance under Productivity and Innovation Credit Plus Scheme

  37J.—(1) A person who —(a) during the basis period for the year of assessment 2015, 2016, 2017 or 2018, has incurred any expenditure mentioned in the first column of the following table; (b) is a qualifying person for that year of assessment within the meaning of the regulations made under subsecti

• § 37K — Abusive PIC arrangements

  37K.—(1) Despite the provisions of this Act, the Comptroller may disallow an amount referred to in subsection (2) of a claim for —(a) a PIC enhanced deduction; or (b) a PIC cash payout, and disallow the payment of an amount referred to in subsection (2) of a PIC bonus based on that claim, if the C

• § 37L — Promoters of abusive PIC arrangements

  37L.—(1) A person who promotes any PIC arrangement knowing or having reasonable grounds to believe that the arrangement is abusive shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 3 years or to both.[37/2014]

• § 37M — Penalties for false information, etc., resulting in payment under section 37G or 37H

  37M.—(1) Any person who gives to the Comptroller any information under section 37G(2) that is false in any material particular, or who omits any material particular from any information or document given under that provision, shall be guilty of an offence and shall on conviction be punished with a p

• § 37N — Deduction for qualifying investments in qualifying start‑up companies

  37N.—(1) Where an individual proposes to make one or more qualifying investments that complies with subsection (4) in a qualifying start‑up company or companies, the individual may apply to the Minister, or such person as the Minister may appoint, between 1 July 2010 and 31 March 2020 (both dates in

• § 37O — Deduction for acquisition of shares of companies

  37O.—(1) Subject to this section, where —(a) a Singapore company (called in this section the acquiring company); (b) any one or more subsidiaries of the Singapore company that is or are wholly‑owned by the Singapore company, and is incorporated for the primary purpose of acquiring and holding share

• § 37P — Treatment of unabsorbed donations attributable to exempt income

  37P.—(1) If —(a) any donation allowable under this Act for the year of assessment 2012 or any preceding year of assessment (called in this section the attributed donation) is to be deducted from any income of a company under a provision of this Act or the Economic Expansion Incentives (Relief from I

• § 37Q — Exclusion of expenditure or payment subsidised by capital grant

  37Q.—(1) Despite anything in this Act or the Economic Expansion Incentives (Relief from Income Tax) Act 1967, a deduction or an allowance under this Act or Part 8 of the Economic Expansion Incentives (Relief from Income Tax) Act 1967 may not be made or given in respect of any expenditure or payment

• § 37R — Cash payout under Enterprise Innovation Scheme

  37R.—(1) Subject to this section, where any eligible person has incurred expenditure during the basis period for any year of assessment between the years of assessment 2024 and 2028 (both years inclusive), for which a deduction or an allowance is allowable or can be made to the eligible person under

• § 37S — Penalties for false information, etc., resulting in payment under section 37R

  37S.—(1) Any person who —(a) gives to the Comptroller any information under section 37R(2) or (7) that is false in any material particular; or (b) omits any material particular from any information or document given under that provision to the Comptroller, shall be guilty of an offence and shall o

• § 38 — Chargeable income

  38. The chargeable income of any person for any year of assessment is the remainder of the person’s assessable income for that year after the reliefs and deductions allowed in this Part have been made.

• § 39 — Relief and deduction for resident individual

  39.—(1) In the case of an individual resident in Singapore in the year of assessment, there is allowed a deduction, in respect of earned income, which is —(a) in the case of an individual not falling within any other paragraph, the sum of $1,000 or the amount of the earned income; (b) without affec

• § 39A — Limit on total deduction under section 39

  39A. Despite anything in section 39 or the Fifth Schedule, for the year of assessment 2018 and every subsequent year of assessment, the total amount of all deductions allowable to any individual under section 39 must not exceed $80,000 for that year of assessment.[34/2016]

• § 3A — Assignment of function or power to public body

  3A.—(1) This section applies where the Minister, after consultation with the responsible Minister of a public body, by notification in the Gazette assigns a function or power under a provision of this Act or any subsidiary legislation made under this Act (called in this section an incentive provisio

• § 4 — Powers of Comptroller

  4.—(1) The Comptroller may, in writing, authorise any person, within or without Singapore, to perform or to assist in the performance of any specific duty imposed upon the Comptroller by this Act.[Act 5 of 2025 wef 09/03/2025] (2) Subject to such conditions as the Comptroller may specify, the Comptr

• § 40A — Relief for non‑resident public entertainers

  40A.—(1) This section applies to a person who, in any year of assessment, is not resident in Singapore and who derives income as a public entertainer or derives such income and income from any other source in the year preceding that year of assessment which does not include —(a) any withdrawal from

• § 40B — Relief for non‑resident employees

  40B.—(1) This section applies to a person who, in any year of assessment, is not resident in Singapore and who derives income from the exercise of any employment in Singapore or derives such income and income from any other source in the year preceding that year of assessment which does not include

• § 40C — Relief for non‑resident SRS members

  40C.—(1) This section applies to a person who, in any year of assessment, is not resident in Singapore and who makes any withdrawal from the person’s SRS account which is deemed to be income subject to tax under section 10G or derives such income and income from any other source in the year precedin

• § 40D — Relief for non‑resident deriving income from activity as public entertainer and employee, etc.

  40D.—(1) This section applies to a person who, in any year of assessment, is not resident in Singapore and who derives income from 2 or more of the following sources (called in this section relevant income) in the year preceding that year of assessment:(a) income derived as a public entertainer with

• § 41 — Proof of claims for deduction or relief

  41.—(1) Every individual who claims any deduction or relief under this Part must make his or her claim on the proper form.(2) Such deduction or relief must be granted if the claim contains such particulars and is supported by such proof as the Comptroller may require. —(1) Every individual who clai

• § 42 — Rates of tax upon individuals

  42.—(1) There is to be levied and paid for each year of assessment upon the chargeable income of every person (other than a body of persons, a company, a person not resident in Singapore, a trustee who is not the trustee of an incapacitated person, or an executor), tax in accordance with the rates s

• § 42A — Rebate for children of family

  42A.—(1) Where an individual resident in Singapore has —(a) a second child of the family born to him or her on or after 1 January 2004 who is legitimate at the time of the birth; (b) an illegitimate second child of the family born to him or her on or after 1 January 2004 and the individual becomes

• § 43 — Rate of tax upon companies and others

  43.—(1) There is to be levied and paid for each year of assessment upon the chargeable income of —(a) every company or body of persons, tax at the rate of 17% on every dollar of the chargeable income thereof; (b) every individual not resident in Singapore —(i) for the year of assessment 2023 or a p

• § 43A — Concessionary rate of tax for Asian Currency Unit, Fund Manager and securities company

  43A.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year of assessment upon such income derived before 1 January 2004 as the Minister may specify of —(a) a financial institution with an Asian Currency Unit; (b) a Fund Ma

• § 43B — Special rate of tax for non‑resident shipowner or charterer or air transport undertaking

  43B. Despite section 43, where the tax authority of a foreign country taxes the profits derived by a person resident in Singapore from carrying on the business of a shipowner or charterer or of air transport at a rate which exceeds the rate prescribed by section 43, the Minister may direct that the

• § 43C — Exemption and concessionary rate of tax for insurance and reinsurance business

  43C.—(1) Despite section 43, the Minister may make regulations —(a) to provide for tax at the rate of 10% to be levied and paid for each year of assessment upon such income as the Minister may specify that is derived before 1 July 2021 by an approved insurer, whose approval is granted before 1 June

• § 43D — Concessionary rate of tax for headquarters company

  43D.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year of assessment upon such income as the Minister may specify of an approved headquarters company derived by it from —(a) the provision of such qualifying services as

• § 43E — Concessionary rate of tax for Finance and Treasury Centre

  43E.—(1) Despite section 43, the Minister may by regulations provide that tax at the concessionary rate specified in subsection (1A) is levied and must be paid for each year of assessment upon such income as the Minister may specify of a company derived from —(a) the operation of its approved Financ

• § 43F — Concessionary rate of tax for offshore leasing of machinery and plant

  43F.—(1) Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the income of a leasing company accruing in or derived from Singapore in respect of offshore leasing of any machinery or plant or such other activity as may be prescribed by regulations.[34/

• § 43G — Concessionary rate of tax for trustee company

  43G.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year of assessment upon such income as the Minister may specify of an approved trustee company derived by it from such services as may be prescribed; and those regulatio

• § 43H — Concessionary rate of tax for income derived from debt securities

  43H.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year of assessment upon —(a) interest derived by any company from any qualifying debt securities; (aa) discount derived by any company from any qualifying debt securiti

• § 43I — Concessionary rate of tax for global trading company and qualifying company

  43I.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 5%, 10% or 15% is to be levied and paid for each year of assessment upon —(a) such income as the Minister may specify of an approved global trading company —(i) that is derived by it from such prescribed qua

• § 43J — Concessionary rate of tax for financial sector incentive company

  43J.—(1) Despite section 43, the Minister may by regulations —(a) provide that tax at the rate of 5%, 10%, 12% or 13.5% is to be levied and paid for each year of assessment upon any income specified by the Minister that is derived on or after 1 January 2004 by a financial sector incentive company fr

• § 43K — Concessionary rate of tax for provision of processing services to financial institutions

  43K.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 5% is to be levied and paid for each year of assessment upon such income as the Minister may specify of an approved company derived by it on or after 27 February 2004 from the provision of prescribed process

• § 43L — Concessionary rate of tax for shipping investment manager

  43L.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year of assessment upon such income as the Minister may specify of an approved shipping investment manager derived by it on or after 1 March 2006 from —(a) managing an a

• § 43M — Concessionary rate of tax for trust income to which beneficiary is entitled

  43M.—(1) Where any beneficiary of a trust who is resident in Singapore is entitled to any share of the statutory income of the trust, that share is, if it would have been subject to a concessionary rate of tax under any provision of this Part had it been derived or received directly by the beneficia

• § 43MA — Concessionary rate of tax for estate income received by beneficiary, etc.

  43MA. Where any person resident in Singapore is a beneficiary of an estate administered in Singapore, and any share of the statutory income of the estate is received by, distributed to or applied to the benefit of that person, that share is, if it would have been subject to a concessionary rate of t

• § 43N — Concessionary rate of tax for leasing of aircraft and aircraft engines

  43N.—(1) Despite section 43, tax at the following rate is to be levied, and paid, for each year of assessment upon the income of an approved aircraft leasing company accruing in or derived from Singapore in respect of the leasing of any aircraft or aircraft engine or such other activity as the Minis

• § 43O — Concessionary rate of tax for aircraft investment manager

  43O.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year of assessment upon such income as the Minister may specify of an approved aircraft investment manager derived by it on or after 1 March 2007 from —(a) managing an a

• § 43P — Concessionary rate of tax for container investment enterprise

  43P.—(1) Despite section 43 but subject to subsection (5), tax at the rate of 5% or 10% as the Minister or an authorised body may specify, is to be levied and paid for each year of assessment upon the income of an approved container investment enterprise accruing in or derived from Singapore from —(

• § 43Q — Concessionary rate of tax for container investment manager

  43Q.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year of assessment upon such income as the Minister may specify of an approved container investment manager derived by it on or after 1 April 2008 from —(a) managing an

• § 43R — Concessionary rate of tax for approved insurance brokers

  43R.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate specified in the first column of the following table, is to be levied and paid for each year of assessment upon such income as the Minister may specify that is derived on or after a prescribed date by an approv

• § 43S — Concessionary rate of tax for income derived from managing qualifying registered business trust or company

  43S.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid for each year of assessment upon such income as the Minister may specify derived on or after 1 April 2008 —(a) by an approved trustee‑manager of a qualifying registered business

• § 43T — Concessionary rate of tax for ship broking and forward freight agreement trading

  43T.—(1) Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon such amount of —(a) fees or commissions derived in the period between 1 April 2010 and 31 May 2011 (both dates inclusive) by an approved company from ship broking; and (b) gains derived in

• § 43U — Concessionary rate of tax for shipping‑related support services

  43U.—(1) Despite section 43, tax at the rate of 10% is to be levied and paid for each year of assessment upon the amount of income in subsection (1A) of an approved company derived on or after the service approval date and during the period of its approval under subsection (2) (but not any extended

• § 43V — Concessionary rate of tax for income derived from managing approved venture company

  43V.—(1) Despite section 43, tax at the rate of 5% is to be levied and paid for each year of assessment upon the management fees and performance bonus derived by an approved fund management company on or after 1 April 2015 from managing authorised investments of an approved venture company under sec

• § 43W — Concessionary rate of tax for international growth company

  43W.—(1) Despite section 43, the Minister may by regulations provide that tax at the rate of 10% is to be levied and paid upon the income derived by an approved international growth company from carrying on all of its qualifying activities within a basis period, or a part of a basis period, that fal

• § 43X — Concessionary rate of tax for intellectual property income

  43X.—(1) Despite section 43 and subject to this section, the concessionary rate of tax under subsection (5) applies for each year of assessment upon a percentage determined in accordance with regulations of qualifying intellectual property income of an approved company, that is derived —(a) from a q

• § 45 — Withholding of tax in respect of interest paid to non‑resident persons

  45.—(1) Where a person is liable to pay to another person not known to the firstmentioned person to be resident in Singapore any interest which is chargeable to tax under this Act, the firstmentioned person must —(a) deduct therefrom tax —(i) where the person to be paid is an individual or a Hindu j

• § 45A — Application of section 45 to royalties, management fees, etc.

  45A.—(1) Section 45(1) to (8) applies in relation to the payment of any income referred to in section 12(6) or (7) by any person to another person not known to the firstmentioned person to be resident in Singapore as those provisions apply to any interest paid by a person (X) to another person (Y) n

• § 45AA — Tax deemed withheld and recoverable from person in breach of condition imposed under section 13(4)

  45AA.—(1) Subsection (1A) applies where a notification has been made under section 13(4) to exempt from tax (wholly or in part) payments made by a person to a non‑resident person under section 45 or 45A, and —(a) the exemption is on the basis that the firstmentioned person or a particular matter is

• § 45B — Application of section 45 to non‑resident director’s remuneration

  45B.—(1) Section 45 applies in relation to the payment of any remuneration by a company to any director of the company who is not resident in Singapore as that section applies to any interest paid by a person (X) to another person (Y) not known to X to be resident in Singapore and, for the purpose o

• § 45C — Application of section 45 to distribution by unit trust

  45C.—(1) Section 45 applies in relation to any distribution made by a unit trust which is deemed to be income under section 10(19), (20) and (21) as that section applies to any interest paid by a person (X) to another person (Y) not known to X to be resident in Singapore and, for the purpose of such

• § 45D — Application of section 45 to gains from real property transaction

  45D.—(1) Where any person whose income arising from the disposal of any real property is chargeable to tax under section 10(1)(a) is a non‑resident person, any designated person must, before paying to the non‑resident person any money which is the whole or part of the consideration for the disposal

• § 45E — Application of section 45 to withdrawals by non‑citizen SRS members, etc.

  45E.—(1) Subject to subsections (2) and (2A), section 45 applies in relation to —(a) any withdrawal made —(i) under section 10G or after the balance (excluding any life annuity) remaining in the SRS account is deemed withdrawn under section 10G(6) or (7) by an SRS member who is not a citizen of Sing

• § 45EA — Approval of deduction of investment from SRS account of non‑citizen

  45EA.—(1) This section applies to an investment made using funds from an SRS account of an SRS member who is not a citizen of Singapore.[37/2014] (2) Before approving the deduction of the investment from the balance in the SRS account, an SRS operator must comply with subsection (3), unless the Comp

• § 45F — Application of section 45 to income from profession or vocation carried on by non‑resident individual, etc.

  45F.—(1) Subject to subsections (1A), (2) and (2A), section 45 applies in relation to the payment of any income accruing in or derived from Singapore on or after 3 May 2002 from —(a) any profession or vocation (other than that derived by any public entertainer as defined in section 40A) by any perso

• § 45G — Application of section 45 to distribution from any real estate investment trust

  45G.—(1) Subject to subsections (2) and (3) and such conditions as the Comptroller may impose, section 45 applies in relation to any distribution by a trustee of any real estate investment trust or by a trustee of any approved REIT exchange‑traded fund —(a) to any person (other than an individual) n

• § 45GA — Application of section 45 to income derived as public entertainer

  45GA.—(1) Subject to subsections (2), (2A) and (2B), section 45 applies in relation to the payment by any person to any public entertainer or the public entertainer’s representative, not known to the person to be resident in Singapore, of any income derived from Singapore as a public entertainer on

• § 45H — Application of section 45 to commission or other payment of licensed international market agent

  45H.—(1) Subject to subsection (2), section 45 applies in relation to the payment of any commission or other payment by any person to a licensed international market agent not known to the person to be resident in Singapore for organising or conducting a casino marketing arrangement with a casino op

• § 45I — Sections 45 and 45A not applicable to certain payments

  45I.—(1) Sections 45(1) to (8) and 45A(1) do not apply to any income referred to in section 12(6) which is liable to be paid by a person mentioned in subsection (2), if the payment is liable to be made —(a) at any time during the period from 17 February 2012 to 31 December 2026 (both dates inclusive

• § 45J — Application of section 45, etc., to Government

  45J.—(1) Subject to the modifications in subsection (2), sections 45, 45A, 45F and 45GA apply to the payment of any income described in those sections that is liable to be made by the Government to a person not known to the Government to be resident in Singapore, as they apply to the payment of such

• § 46 — Tax deducted from interests, etc.

  46.—(1) Any tax —(a) which a person has deducted from any interest or other payment under section 45, 45A, 45C, 45D, 45E(1)(a), 45GA or 45H or has deducted from any remuneration under section 45B; (b) applicable to the share to which any person is entitled in the income of a body of persons (other

• § 49 — Avoidance of double taxation arrangements

  49.—(1) If the Minister by order declares that arrangements specified in the order have been made with the government of any country outside Singapore with a view to affording relief from double taxation in relation to tax under this Act (including DTT but excluding MTT) and any tax of a similar cha

• § 5 — Approved pension or provident fund or society

  5. The Comptroller may, subject to such conditions as the Comptroller may think fit to impose, approve any pension or provident fund or society for the purposes of this Act and may (without prejudice to the exercise of any power in that behalf conferred on the Comptroller by any condition so imposed

• § 50 — Tax credits

  50.—(1) This section has effect where, under arrangements having effect under section 49, tax payable in respect of any income in the territory with the government of which the arrangements are made is to be allowed as a credit against tax payable in respect of that income in Singapore.(1A) To avoid

• § 50A — Unilateral tax credits

  50A.—(1) Even if there are no arrangements in force under section 49 with the government of any territory outside Singapore, tax credit under section 50 must, subject to this section, be given to any person resident in Singapore for tax payable under the law of that territory in respect of —(a) any

• § 50B — Tax credits for trust income to which beneficiary is entitled

  50B.—(1) Where —(a) a trustee of a trust receives income in Singapore from outside Singapore (called in this section the income) for which a tax credit is allowable under this Part against the tax payable in respect of the income; and (b) any beneficiary of the trust who is resident in Singapore is

• § 50BA — Tax credits for estate income received by beneficiary, etc.

  50BA.—(1) Where an executor of an estate administered in Singapore receives income in Singapore from outside Singapore (called in this section the income) for which a tax credit is allowable under this Part against the tax payable in respect of the income, and any share of the income is —(a) receive

• § 50C — Pooling of credits

  50C.—(1) Where, for the year of assessment 2012 or a subsequent year of assessment, a person is entitled to 2 or more tax credits under any other provision of this Part, the person may elect to be given a pooled credit for that year of assessment in lieu of any 2 or more of those credits (called in

• § 51 — Income of wife

  51.—(1) The income of a married woman must for the purposes of this Act be charged in her own name.(2) [Deleted by Act 22 of 2011] (3) For the purposes of this Act, a married woman is treated as living with her husband unless —(a) they are separated under an order of court of competent jurisdiction

• § 52 — Chargeability of trustees, etc.

  52.—(1) A receiver appointed by the court, a trustee, a guardian, a curator or a committee, having the direction, control or management of any property or concern on behalf of any incapacitated person is chargeable to tax in like manner and to the like amount as such person would be chargeable if th

• § 53 — Chargeability of agent of person residing out of Singapore

  53.—(1) A person not resident in Singapore (called in this section a non‑resident person) is assessable and chargeable to tax either directly or in the name of the person’s trustee, guardian, or committee, or of any attorney, factor, agent, receiver, branch or manager, whether such attorney, factor,

• § 54 — Liability of person chargeable in respect of incapacitated person

  54. The person who is chargeable in respect of an incapacitated person, or in whose name a non‑resident person is chargeable, is answerable for all matters required to be done by virtue of this Act for the assessment of the income of any person for whom the firstmentioned person acts and for paying

• § 55 — Liability of managers of companies or bodies of persons

  55. The manager or principal officer in Singapore of every company or body of persons is answerable for doing all such acts, matters and things as are required to be done by virtue of this Act for the assessment of the company or body of persons and payment of tax.

• § 56 — Indemnification of representative

  56. Every person answerable under this Act for the payment of tax on behalf of another person may retain out of any money coming to the firstmentioned person’s hands on behalf of the other person so much thereof as is sufficient to pay the tax; and must be and is indemnified against any person whats

• § 57 — Power to appoint agent, etc., for recovery of tax

  57.—(1) The Comptroller may by written notice, if the Comptroller thinks it necessary, declare any person to be the agent of any other person.(1A) The person (X) declared the agent under subsection (1) is the agent of such other person for the purposes of this Act and may be required to pay any tax

• § 58 — Deceased persons

  58.—(1) Where an individual (X) dies, then as respects income arising before X’s death all rights and duties which would have attached to X, and any liability to be charged with or to pay tax to which X would have been subject under this Act if X had not died, pass to X’s executor, and the amount of

• § 59 — Duty of liquidator on winding up of company or limited liability partnership

  59.—(1) Where a company or a limited liability partnership is being wound up, the liquidator of the company or limited liability partnership (as the case may be) is answerable for doing all such acts, matters and things as are required to be done under this Act in relation to the affairs of the comp

• § 6 — Official secrecy

  6.—(1) Every person having any official duty or being employed in the administration of this Act must regard and deal with all documents, information, returns, assessment lists and copies of such lists relating to the income or items of the income of any person, as secret and confidential, and must

• § 60 — Chargeability of joint trustees

  60. Where 2 or more persons act in the capacity of trustees of a trust they may be charged jointly or severally with the tax with which they are chargeable in that capacity and are jointly and severally liable for payment of the same.

• § 62 — Notice of chargeability and returns

  62.—(1) The Comptroller may, by notice in the Gazette, require every person to furnish to the Comptroller in such form and manner as the Comptroller may determine, within a reasonable time specified in the notice or such extended time as the Comptroller may allow, a return of income for the year of

• § 62A — The basic rule: Singapore dollar to be used

  62A. Subject to section 62B, where a person carrying on a trade, business, profession or vocation is required to furnish tax computations and particulars of income with a return of income made under section 62 or 71, the tax computations and particulars of income must be denominated in Singapore dol

• § 62B — Currency other than Singapore dollar to be used in certain circumstances

  62B.—(1) Where a person maintains the person’s financial accounts in respect of any trade, business, profession or vocation carried on by the person in a functional currency other than Singapore dollar in accordance with financial reporting standards in Singapore, the person who is required to furni

• § 63 — Furnishing of estimate of chargeable income if no return is made under section 62

  63.—(1) Subject to subsection (1AAA), and unless exempted by rules mentioned in subsection (3), every person, not being an individual, who has not made a return under section 62 for any year of assessment must, within 3 months after the end of the accounting period relating to that year of assessmen

• § 64 — Comptroller may call for further returns

  64. The Comptroller may give written notice to any person when and as often as the Comptroller thinks necessary requiring the person to furnish within a reasonable time limited by such notice fuller or further returns respecting any matter as to which a return is required by or under this Act.

• § 65 — Power to call for returns

  65.—(1) For the purpose of obtaining full information in respect of a person’s income, the Comptroller may give notice to the person requiring the person to complete and return to the Comptroller, within the time specified in the notice, a return specified in the notice.[34/2016] (2) The time specif

• § 65A — Statement of bank accounts, assets, etc.

  65A. The Comptroller may give written notice to any person requiring the person to furnish within the time limited by such notice, not being less than 30 days from the date of service of such notice, a statement containing particulars of —(a) all banking accounts, whether current or deposit, busines

• § 65B — Power of Comptroller to obtain information

  65B.—(1) The Comptroller or any officer authorised by the Comptroller in that behalf —(a) must at all times have full and free access to all buildings, places, documents, computers, computer programs and computer software (whether installed in a computer or otherwise) for any of the purposes of this

• § 65C — Failure to comply with section 64, 65, 65A or 65B

  65C.—(1) Any person who, without reasonable excuse —(a) fails, neglects or refuses to comply with any notice or requirement of the Comptroller or an officer authorised by the Comptroller under section 64, 65, 65A or 65B, or a demand for information; or (b) hinders or obstructs the Comptroller, or a

• § 65D — Section 65B notice applies despite duty of secrecy under Banking Act 1970 or Trust Companies Act 2005

  65D.—(1) This section applies where —(a) the Comptroller requires any information for the administration of this Act, other than for an investigation or a prosecution for an offence alleged or suspected to have been committed under this Act; (b) the information is protected from unauthorised disclo

• § 65E — Section 65B notice may be subject to confidentiality duty

  65E.—(1) Where the Comptroller issues a notice to any person under section 65B and states that the notice must be kept confidential, the person (including an officer, employee or agent of the person) must not disclose any information relating to the notice to any other person.(2) Subsection (1) does

• § 65F — Arrest of person

  65F.—(1) The Comptroller or a specially authorised officer (called in this section and sections 65G, 65H and 65I an arresting officer) may arrest without warrant any person whom the arresting officer reasonably believes —(a) has committed an offence under section 37M(3) or (4), 37S(3) or (4), 96 or

• § 65G — No unnecessary restraint

  65G.—(1) In making an arrest, an arresting officer must touch or confine the body of a person to be arrested unless the person submits to arrest by word or action.[45/2018] (2) If the person forcibly resists, or tries to evade arrest, the arresting officer may use all reasonable means necessary to m

• § 65H — Arresting officer to be armed

  65H. An arresting officer may be provided with such batons and accoutrements as may be necessary for the effective discharge of his or her duties under sections 65F and 65G.[45/2018]

• § 65I — Search of place entered by person sought to be arrested

  65I.—(1) If an arresting officer has reason to believe that a person to be arrested under section 65F(1) is inside any building or place and demands entry to that building or place, any person who resides in or is in charge of the building or place must allow the arresting officer free entry and pro

• § 65J — Arrested person may be orally examined

  65J.—(1) The Comptroller or an officer authorised under section 4(1) to investigate offences under this Act (called in this section an investigation officer), may examine orally a person arrested under section 65F(1).[45/2018] (2) A person examined by an investigation officer need not state anything

• § 65K — Disposal of item furnished or seized

  65K.—(1) Any item furnished to or seized by the Comptroller or an officer authorised by the Comptroller under section 65A or 65B must —(a) where the item is produced in any criminal proceedings, be dealt with in accordance with section 364 of the Criminal Procedure Code 2010; or (b) in any other ca

• § 66 — Returns to be deemed to be furnished by due authority

  66.—(1) A return, statement or form purporting to be furnished under this Act by or on behalf of any person is for all purposes deemed to have been furnished by that person or by that person’s authority (as the case may be) unless the contrary is proved.(2) Any person signing any such return, statem

• § 67 — Keeping of books of account and giving of receipts

  67.—(1) Subject to subsection (3), every person carrying on or exercising any trade, business, profession or vocation —(a) must keep and retain in safe custody sufficient records for a period of 5 years from the year of assessment to which any income relates to enable the person’s income and allowab

• § 68 — Official information and secrecy, and returns by employer

  68.—(1) The Comptroller may require any officer in the employment of the Government or of any public authority or body corporate constituted by statute to supply such particulars as may be required for the purposes of this Act and which may be in the possession of the officer.(1A) No such officer is

• § 68A — Duty to collect and retain information of certain persons, etc.

  68A.—(1) The Minister may make rules under section 7 to prescribe a class of persons to whom this section applies.(2) The Comptroller may —(a) by written notice require any person (X) that falls within a prescribed class of persons to collect, keep and retain in safe custody for a specified period n

• § 69 — Lists to be prepared by representative or agent

  69. Every person (X) who, in whatever capacity, is in receipt of any money or value being income arising from any of the sources mentioned in this Act of or belonging to any other person (Y) who is chargeable in respect thereof, or who would be so chargeable if Y were resident in Singapore and not a

• § 7 — Rules

  7.—(1) The Minister may make rules —(a) to provide for the deduction and payment of tax at the source in respect of income from any employment, and for the recovery of tax so deducted; (aa) to prescribe the mode of payment for any refund under this Act to any person or class of persons; and (b) ge

• § 70 — Occupiers to furnish return of rent payable

  70. The Comptroller may give written notice to any person (X) who is the occupier of any land or premises requiring X to furnish within the time limited by such notice, not being less than 30 days from the date of service of such notice, a return containing —(a) the name and address of the owner of

• § 71 — Return to be made by partnership

  71.—(1) Where a trade, business, profession or vocation is carried on by 2 or more persons jointly, the precedent partner, that is to say, the partner who, of the partners personally present in Singapore —(a) is first named in the agreement of partnership; (b) if there is no agreement, is specified

• § 72 — Comptroller to make assessments

  72.—(1) The Comptroller must proceed to assess every person chargeable with tax as soon as may be after the expiry of the time allowed to such person for the delivery of the return provided for in section 62 or, if the person is exempted from the liability to deliver a return under section 62(2), af

• § 73 — Advance assessments

  73.—(1) Despite section 72, where —(a) in any year of assessment a person ceases to carry on a trade, business, profession, vocation or employment; or (b) the Comptroller is of the opinion that any person possessing a source of income is about to leave Singapore and is likely to cease to possess th

• § 74 — Additional assessments

  74.—(1) Where it appears to the Comptroller that any person liable to tax has not been assessed or has been assessed at a less amount than that which ought to have been charged, the Comptroller may, within the year of assessment or within 6 years (if the year of assessment is 2007 or a preceding yea

• § 74A — Revised assessments as relief for late GST registration

  74A. Where —(a) any person liable to tax, being required to be registered under the Goods and Services Tax Act 1993, has failed to do so, and has been so registered on or after 1 December 2005; and (b) the person’s income chargeable to tax for any year of assessment relating to a basis period for w

• § 75 — Waiver of small assessments

  75. Where it appears to the Comptroller that the amount of any tax or additional tax to which any person is liable does not exceed $15 or such other amount as the Minister may by order prescribe, the Comptroller may waive the assessment of such tax.

• § 76 — Service of notices of assessment and revision of assessment

  76.—(1) The Comptroller must cause each person assessed to tax to be served, in accordance with section 8(1), with —(a) where tax is payable, a notice stating the amount of the person’s chargeable income together with the amount of tax payable and the place at which such payment should be made; or

• § 77 — Errors and defects in assessment and notice

  77.—(1) No assessment, warrant or other proceeding purporting to be made in accordance with the provisions of this Act is to be quashed, or is deemed to be void or voidable, for want of form, or is affected by reason of a mistake, defect or omission therein, if it is in substance and effect in confo

• § 78 — Board of Review

  78.—(1) For the purpose of hearing appeals in the manner hereinafter provided, there is to be a Board of Review (called in this Part the Board) consisting of not more than 30 members appointed from time to time by the Minister.(2) Members of the Board hold office for such period as may be determined

• § 79 — Right of appeal

  79.—(1) Any person who, being aggrieved by an assessment made upon the person, has failed to agree with the Comptroller in the manner provided in section 76(6) may appeal to the Board by lodging with the secretary —(a) within 30 days after the date of the Comptroller’s refusal to amend the assessmen

• § 8 — Service and signature of notices, etc.

  8.—(1) Except where it is provided by this Act that service must be effected either personally or by registered post, the Comptroller may serve a notice, direction or other document on a person —(a) personally; (b) by being sent through the post; or (c) through the electronic service if the notice

• § 80 — Hearing and disposal of appeals

  80.—(1) On receipt of a petition of appeal, the secretary must immediately forward one copy of it to the Comptroller, and must —(a) as soon as possible thereafter fix the hearing; and (b) not later than 14 days before the hearing (or such shorter period as the appellant and the Comptroller may agre

• § 80A — Hearing of appeal by committee where member becomes unavailable

  80A.—(1) This section applies to an appeal before a committee of the Board, and a reference in this section to a member of the Board is to a member of the Board that is part of the committee.[Act 33 of 2022 wef 21/08/2023] (1A) Despite anything in this Part, if —(a) in the course of an appeal or in

• § 80B — Hearing of appeal by single member where member becomes unavailable

  80B.—(1) Despite anything in this Part, if an appeal is before a single member of the Board, and —(a) in the course of an appeal or in the case of a reserved judgment in any appeal; or (b) after an appeal has been determined but before the making of any ancillary order, the member of the Board hea

• § 81 — Appeals to General Division of High Court

  81.—(1) Except as provided in this section, the decision of the Board is final.[40/2019] (2) In any case in which the amount of tax payable, tax to be refunded as a result of the operation of section 46 or notional tax benefit, as determined by the Board (excluding the amount of any costs awarded) e

• § 82 — Cases stated for General Division of High Court

  82.—(1) The Board may at any time and in regard to any appeal, with or without proceeding to the determination of the appeal, state a case on a question of law for the opinion of the General Division of the High Court.[40/2019] (2) A stated case must set forth the facts and any finding of fact by th

• § 83 — Proceedings before Board

  83.—(1) Subject to subsections (2) and (3), all proceedings before the Board must be heard in private.[32/2019] [Act 25 of 2021 wef 01/04/2022] (2) Where the Comptroller or the taxpayer applies to the Board that the proceedings be heard by way of a hearing open to the public, the Board may direct th

• § 84 — Assessments to be final and conclusive

  84.—(1) Except as expressly provided in this Act, where no valid notice of appeal has been lodged within the time limited by this Part against an assessment, or where an assessment has been determined on appeal, the assessment as made or agreed to under section 76(6), or determined on appeal (as the

• § 85 — Time within which payment is to be made

  85.—(1) Subject to section 91, tax for any year of assessment levied in accordance with the provisions of this Act is, despite any objection or appeal against the assessment on which the tax is levied, payable at the place stated in the notice given under section 76 within one month after the servic

• § 86 — Recovery of tax from persons leaving Singapore

  86.—(1) Where the Comptroller is of the opinion that any person is about or likely to leave Singapore without paying all tax assessed upon the person, the Comptroller may issue a certificate containing particulars of such tax and a direction to the Commissioner of Police or the Controller of Immigra

• § 87 — Penalty for non‑payment of tax and enforcement of payment

  87.—(1) Subject to subsection (2), if any tax is not paid within the periods prescribed in section 85 —(a) a sum equal to 5% of the amount of tax payable is added thereto, and the provisions of this Act relating to the collection and recovery of tax apply to the collection and recovery of such sum;

• § 88 — Change of address

  88.—(1) Subject to subsection (2), every person liable to pay income tax under the provisions of this Act must inform the Comptroller in writing of any change in the person’s address.(2) Where a person liable to pay income tax uses his or her residential address for the purposes of this Act, then, i

• § 89 — Suit for tax by Comptroller

  89.—(1) Despite the provisions of any other written law, tax, interest and any penalty imposed under this Act and any sum due to the Government under section 45 or 45EA, may be sued for by way of a specially endorsed originating claim.[37/2014] [Act 25 of 2021 wef 01/04/2022] (2) The Comptroller may

• § 8A — Use of electronic service

  8A.—(1) Any person who is —(a) filing or submitting any return, estimate, statement or document — may; or (b) giving a notice under section 45(1)(b) or 45D(2) or providing any information under section 105L(1) — must (unless otherwise permitted by the Comptroller), do so through the electronic ser

• § 9 — Free postage

  9. All returns, additional information and resulting correspondence and payment of tax under the provisions of this Act may be sent post‑free to the Comptroller in envelopes marked “Income Tax”.

• § 90 — Statement of Comptroller sufficient

  90.—(1) In any civil or criminal proceedings under this Act, every statement purporting to be under the hand of the Comptroller contained in the information, complaint, declaration or claim is prima facie evidence of the matter stated therein.(2) This section applies to any matter so stated although

• § 91 — Deduction of tax from emoluments and pensions

  91.—(1) Where any income chargeable under section 10(1)(b) or (e) is payable to any individual, deductions on account of tax which is or will be payable by the individual for any year of assessment must, if the Comptroller so directs, be made out of the income or any arrears thereof.(2) Subject to a

• § 92 — Remission, reduction or refund of tax

  92.—(1) The Comptroller may remit, wholly or in part, the tax payable by any person on the ground of poverty.(2) The Minister may at any time, in his or her discretion and subject to such conditions as the Minister may impose, remit, reduce or refund, wholly or in part, the tax that is or will be pa

• § 92A — Remission of tax of companies for year of assessment 2011

  92A.—(1) Subject to subsection (2), there is to be remitted the tax payable for the year of assessment 2011 by a company an amount equal to the lower of —(a) 20% of the tax payable for that year of assessment (excluding any tax levied and paid or payable pursuant to section 43(3), (3A) and (3B)); an

• § 92B — Cash grant for companies for year of assessment 2011

  92B.—(1) Where a company has made a contribution to the Central Provident Fund in respect of any of its employees during the basis period for the year of assessment 2011, and —(a) the company is not liable to pay tax for the year of assessment 2011; (b) the specified amount is greater than 20% of t

• § 92C — Cash grant for companies for year of assessment 2012

  92C.—(1) Where a company carrying on business in Singapore has made a contribution to the Central Provident Fund in respect of at least one of its qualifying employees during the basis period for the year of assessment 2012, there is to be made to the company for the year of assessment 2012 a cash g

• § 92D — Remission of tax of companies for years of assessment 2013, 2014 and 2015

  92D. Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitted the tax payable for each of the years of assessment 2013, 2014 and 2015 by the company of an amount equal to the lower of the following:(a) 30% of the tax payable for that

• § 92E — Remission of tax of companies for year of assessment 2016

  92E. Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitted the tax payable for the year of assessment 2016 by the company of an amount equal to the lower of the following:(a) 50% of the tax payable for that year of assessment (exc

• § 92F — Remission of tax of companies for year of assessment 2017

  92F. Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitted the tax payable for the year of assessment 2017 by the company of an amount equal to the lower of the following:(a) 50% of the tax payable for that year of assessment (exc

• § 92G — Remission of tax of companies for year of assessment 2018

  92G. Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitted the tax payable for the year of assessment 2018 by the company of an amount equal to the lower of the following:(a) 40% of the tax payable for that year of assessment (exc

• § 92H — Remission of tax of companies for year of assessment 2019

  92H. Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitted the tax payable for the year of assessment 2019 by the company of an amount equal to the lower of the following:(a) 20% of the tax payable for that year of assessment (exc

• § 92I — Remission of tax of companies for year of assessment 2020

  92I. Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitted the tax payable for the year of assessment 2020 by the company of an amount equal to the lower of the following:(a) 25% of the tax payable for that year of assessment (exc

• § 92J — Remission of tax for companies for year of assessment 2024 and cash grant for companies

  92J.—(1) Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitted the tax payable for the year of assessment 2024 by the company of an amount equal to the lower of the following:(a) 50% of the tax payable for that year of assessment

• § 92K — Rebate for company for listing shares on stock exchange in Singapore

  92K.—(1) This section applies to a company the ordinary shares of which —(a) are first listed on a stock exchange in Singapore on a date (called in this section the listing date) between 19 February 2025 and 31 December 2027 (both dates inclusive), by way of a primary listing or a secondary listing;

• § 92L — Remission of tax for companies for year of assessment 2025 and cash grant for companies

  92L.—(1) Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitted the tax payable for the year of assessment 2025 by the company of an amount equal to the lower of the following:(a) 50% of the tax payable for that year of assessment

• § 93 — Repayment of tax

  93.—(1) If it is proved to the Comptroller’s satisfaction that any person for any year of assessment has paid tax, by deduction or otherwise, in excess of the amount payable under the provisions of this Act, such person is entitled to have the amount so paid in excess refunded.(2) Every claim for re

• § 93A — Relief in respect of error or mistake

  93A.—(1) If any person alleges that for any year of assessment —(a) an assessment is excessive; or (b) any unabsorbed loss, allowance or donation that may be carried forward ought to be of a higher amount than that set out in an assessment, by reason of some error or mistake — (c) in the return o

• § 93AA — Modification of section 93 for repayment of tax for training allowance under Workfare Training Support scheme

  93AA.—(1) Section 93 (Repayment of tax) applies to enable a person who had paid tax in respect of any payment mentioned in section 13(1)(zpa) that ought not to have been paid because of the backdating of the date of commencement of section 5(1)(a) of the Finance (Income Taxes) Act 2025.(2) In the ap

• § 93B — Refundable investment credits

  93B.—(1) This section provides for tax credits to be given for qualifying expenditure incurred by companies, to be offset against any income tax levied on, and any penalty, surcharge or interest related to income tax and due from, the companies, and for unutilised tax credits to be paid to the compa

• § 93C — Recovery of cash grant from companies

  93C.—(1) Where a company receives a cash grant under any provision of this Part (other than a grant given under section 92B, 92C, 92J or 93B) —(a) without having satisfied all the requirements to qualify for the cash grant; or (b) that is in excess of that which may be given to the company under th

• § 94 — General penalties

  94.—(1) Except as provided in section 94A, any person who contravenes any of the provisions of this Act shall be guilty of an offence.(2) Any person guilty of an offence under this section for which no other penalty is provided shall be liable on conviction to a fine not exceeding $5,000 and in defa

• § 94A — Penalty for failure to make return

  94A.—(1) Any person who fails or neglects without reasonable excuse to comply with any provision of section 62 or 71(1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $5,000 and in default of payment to imprisonment for a term not exceeding 6 months.[27/2021]

• § 95 — Penalty for incorrect return, etc.

  95.—(1) Subject to the provisions of Part 18, every person who —(a) makes an incorrect return by omitting or understating any income of which the person is required by this Act to make a return; (b) gives any incorrect information in relation to any matter affecting the person’s own liability to ta

• § 96 — Tax evasion and wilful action to obtain PIC bonus

  96.—(1) Any person who wilfully with intent to evade or to assist any other person to evade tax, or to obtain or to assist any other person to obtain a PIC bonus or a higher amount of PIC bonus, or both —(a) omits from a return made under this Act any income which should be included; (b) makes any

• § 96A — Serious fraudulent tax evasion and action to obtain PIC bonus

  96A.—(1) Any person who wilfully with intent to evade or to assist any other person to evade tax, or to obtain or to assist any other person to obtain a PIC bonus or a higher amount of PIC bonus, or both —(a) prepares or maintains or authorises the preparation or maintenance of any false books of ac

• § 97 — Penalties for offences by authorised and unauthorised persons

  97. Any person who —(a) being a person appointed for the due administration of this Act or any assistant employed in connection with the assessment and collection of tax —(i) demands from any person an amount in excess of the authorised assessment or tax; (ii) withholds for the person’s own use or

• § 98 — Penalty for obstructing Comptroller or officers

  98.—(1) Any person who obstructs or hinders the Comptroller or any officer in the discharge of his or her duties or the exercise of his or her powers under this Act shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not excee

• § 99 — Tax to be payable despite any proceedings for penalties

  99. The institution of proceedings for, or the imposition of, a penalty, fine or term of imprisonment under this Act does not relieve any person from liability to payment of any tax for which the person is or may be liable.