PART 1
PRELIMINARY
Short title
1.This Act is the Income Tax Act 1947.
Interpretation
“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 relating to that person;
“accountant” means a public accountant within the meaning of the Accountants Act2004;
“advocate and solicitor” means an advocate and solicitor within the meaning of the Legal Profession Act1966;
“annual value” has the meaning given by section2 of the Property Tax Act1960, and is to be ascertained in the same manner as annual value is ascertained under that Act;
“approved pension or provident fund or society” means a pension or provident fund or society approved by the Comptroller under section5;
[Deleted by Act 33 of 2022 wef 26/04/2024]
“basis period” for any year of assessment means the period on the profits of which tax for that year falls to be assessed;
“body of persons” means any body politic, corporate or collegiate, any corporation sole and any fraternity, fellowship or society of persons whether corporate or unincorporate but does not include a company or a partnership;
“Commonwealth”, in relation to a country, means any country recognised by the President to be a Commonwealth country and “part of the Commonwealth” means any Commonwealth country, colony, protectorate or protected state or any other territory administered by the government of any Commonwealth country;
“company” means any company incorporated or registered under any law in force in Singapore or elsewhere;
[Act 30 of 2023 wef 30/10/2023]
“country” includes a territory;
“crops” includes any form of vegetable produce;
| (a) | gains or profits from any trade, business, profession, vocation or employment on which tax is payable under section10(1), where the Comptroller is satisfied that such gains or profits are immediately derived from the carrying on or exercise by such individual of such trade, business, profession, vocation or employment; and |
| (b) | any pension on which tax is payable under section10(1)(e) given to the individual in respect of the past services of such individual or any deceased individual; |
“electronic record” has the meaning given by the Electronic Transactions Act2010;
[Act 33 of 2022 wef 26/04/2024]
| (a) | in relation to a company, includes a director of the company; and |
| (b) | in relation to a statutory board, includes the chairperson and any member of the statutory board, |
and “employer” and other cognate expressions are to be construed accordingly;
“executor” means any executor, administrator or other person administering the estate of a deceased person;
“Fund Manager” or “fund manager” means a company holding a capital markets services licence under the Securities and Futures Act2001 for fund management or that is exempted under that Act from holding such a licence;
“goods” includes currency and specie;
“harvesting” includes the collection of crops, however effected;
“Hindu joint family” means what in any system of law prevailing in India is known as a Hindu joint family or a co‑parcenary;
[Act 33 of 2022 wef 04/11/2022]
| (a) | who is below 21years of age; or |
| (b) | who lacks capacity to make a decision for himself or herself in relation to any matter at the material time because of an impairment of, or a disturbance in the functioning of, the mind or brain, whether such impairment or disturbance is permanent or temporary; |
| (a) | communications between an advocate and solicitor and his or her client or any person representing his or her client made in connection with the giving of legal advice to the client; and | ||||
| (b) | communications between—
made in connection with, or in contemplation of, judicial proceedings and for the purposes of such proceedings, |
when such communications are in the possession of a person who is entitled to possession of them, but excluding, in any case, any communications made with the intention of furthering a criminal purpose;
“institution of a public character” has the meaning given by the Charities Act1994;
“issued shares” excludes treasury shares;
“life annuity” means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his or her life;
“limited liability partnership” means any limited liability partnership incorporated or registered under any law in force in Singapore or elsewhere;
“limited partnership” means a limited partnership registered or formed under any law in force in Singapore or elsewhere;
“offshore mineral” means mineral from the seabed or that is dissolved in sea water;
| (a) | ocean thermal power; |
| (b) | offshore geothermal power; |
| (c) | offshore solar power; |
| (d) | offshore wind power; |
| (e) | osmotic power; |
| (f) | tidal power; or |
| (g) | wave power; |
| (a) | a place of management; |
| (b) | a branch; |
| (c) | an office; |
| (d) | a factory; |
| (e) | a warehouse; |
| (f) | a workshop; |
| (g) | a farm or plantation; |
| (h) | a mine, oil well, quarry or other place of extraction of natural resources; |
| (i) | a building or work site or a construction, installation or assembly project, |
and without limiting the foregoing, a person is deemed to have a permanent establishment in Singapore if that person—
| (j) | carries on supervisory activities in connection with a building or work site or a construction, installation or assembly project; or | ||||||
| (k) | has another person acting on that person’s behalf in Singapore who—
|
“person” includes a company, body of persons and a Hindu joint family;
“plantation” means any land used for the growing and harvesting of crops;
“prescribed” means prescribed by rules or regulations made under this Act;
“prescribed minimum retirement age” has the meaning given by the Retirement and Re‑employment Act1993;
| (a) | that is used as a private hire car within the meaning of the Road Traffic Act1961; and |
| (b) | in respect of which a licence is issued under Part5 of that Act for such use; |
“professional visit pass” means a professional visit pass issued by the Controller of Immigration under the Immigration Regulations;
| (a) | who directly or indirectly controls A; |
| (b) | who is being controlled directly or indirectly by A; or |
| (c) | who, together with A, is directly or indirectly under the control of a common person; [Act 33 of 2022 wef 04/11/2022] |
| (a) | of a crop of the same product; or |
| (b) | of a crop of a different product approved by the Minister; |
| (a) | quality control or routine testing of materials, devices or products; |
| (b) | research in the social sciences or the humanities; |
| (c) | routine data collection; |
| (d) | efficiency surveys or management studies; |
| (e) | market research or sales promotion; |
| (f) | routine modifications or changes to materials, devices, products, processes or production methods; or |
| (g) | cosmetic modifications or stylistic changes to materials, devices, products, processes or production methods; |
“research and development organisation” means a body or an organisation which provides research and development services for any trade or business;
| (a) | in relation to an individual, means a person who, in the year preceding the year of assessment, resides in Singapore except for such temporary absences therefrom as may be reasonable and not inconsistent with a claim by such person to be resident in Singapore, and includes a person who is physically present or who exercises an employment (other than as a director of a company) in Singapore for 183days or more during the year preceding the year of assessment; and |
| (b) | in relation to a company or body of persons, means a company or body of persons the control and management of whose business is exercised in Singapore; |
“specially authorised officer” means an officer authorised under section4(5) to exercise the powers mentioned in that provision;
“SRS account” means an account opened with an SRS operator by an SRS member;
“SRS contribution cap”, in relation to an SRS member, means the maximum contribution prescribed under section10G that may be made by the member to his or her SRS account in any year under the SRS;
“SRS member” means a member of the Supplementary Retirement Scheme;
“SRS operator” means any company approved by the Minister, or such person as the Minister may appoint, for the purposes of the Supplementary Retirement Scheme;
[Act 33 of 2022 wef 04/11/2022]
“Supplementary Retirement Scheme” or “SRS” means the Supplementary Retirement Scheme established by regulations made under section10G;
“tax” means the income tax imposed by this Act;
| (a) | in relation to a company incorporated under the Companies Act1967 or any corresponding previous written law, means a treasury share as defined in section4(1) of that Act; and |
| (b) | in relation to a company incorporated under the law of a country other than Singapore, means a share issued by the company which is subsequently acquired and held by it; |
“VCC Act” means the Variable Capital Companies Act2018;
“work pass” means a work pass issued by the Controller of Work Passes under the Employment of Foreign Manpower Act1990;
[2/2016; 34/2016; 39/2017; 45/2018; 28/2019; 32/2019; 41/2020]
[28/2019]
(2)For the purposes of this Act, where an individual is present in Singapore for any part of a day, his or her presence on that day is counted as one day.
[2/2016]
[34/2016]
(4)In this Act, to avoid doubt, a reference to the spouse of a person means a spouse who is of the opposite sex to that person.
