Charge of income tax
Section 10 (1) of Income Tax Act (ITA) - Income tax shall, subject to the provision of this Act, be 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 any trade, business, profession or vocation for whatever period of time such trade, business, profession or vocation may have been carried on or exercised;
(b) gains or profits from any employment;
(c) (deleted by Act 29/65)
(d) dividends, interest or discounts;
(e) any pension, charge or annuity
(f) rents, royalties, premiums and any other profits arising from property; and
(g) any gains or profitss of an income nature not falling within any of the preceding paragraphs.
Section 10 (1) of Income Tax Act (ITA) - Income tax shall, subject to the provision of this Act, be 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 any trade, business, profession or vocation for whatever period of time such trade, business, profession or vocation may have been carried on or exercised;
(b) gains or profits from any employment;
(c) (deleted by Act 29/65)
(d) dividends, interest or discounts;
(e) any pension, charge or annuity
(f) rents, royalties, premiums and any other profits arising from property; and
(g) any gains or profitss of an income nature not falling within any of the preceding paragraphs.
No comments:
Post a Comment