Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (Amendment) Notification 2023

Status:

Published in Subsidiary Legislation Supplement
on 13 Dec 2023

No. S 820

Income Tax Act 1947

Income Tax
(Exemption of Royalties and Other
Payments for Economic and Technological
Development) (Amendment)
Notification 2023

In exercise of the powers conferred by section 13(4) of the Income Tax Act 1947, the Minister for Finance makes the following Notification:

Citation and commencement

1. This Notification is the Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (Amendment) Notification 2023 and comes into operation on 1 January 2024.

Amendment of paragraph 3

2. In the Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) Notification 2003 (G.N. No. S 529/2003), in paragraph 3(1B), replace “2023” wherever it appears with “2028”.

[G.N. Nos. S 109/2008; S 678/2013; S 648/2017]

Made on 11 December 2023.

LAI WEI LIN

Second Permanent Secretary,
Ministry of Finance,
Singapore.

[AG/LEGIS/SL/134/2020/86 Vol. 1]

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