134
NO. 10 OF 2006
- (3E) In subsection (3A)—
- “contract” excludes a contract for or which involves—
- (a) the lending of any money or other valuable thing for such gaming or wagering;
- (b) the extension of any form of credit for such gaming or wagering; or
- (c) the giving of security in respect of the act referred to in paragraph (a) or (b);
- “private body” has the same meaning as in any notification made under the Common Gaming Houses Act (Cap. 49) which exempts gaming conducted in premises owned or used by a private body;
- “private lottery” has the same meaning as in the Private Lotteries Act (Cap. 250);
- “totalisator”, “Singapore Totalisator Board”, “turf club” and
- “approved scheme” have the same meanings as in the Singapore Totalisator Board Act (Cap. 305A).”.
- “contract” excludes a contract for or which involves—
Related amendments to Income Tax Act
202. The Income Tax Act (Cap. 134) is amended—
- (a) by inserting, immediately after subsection (7) of section 12, the following subsections:
- “(8) There shall be deemed to be derived from Singapore any commission or other payment paid to a junket promoter for arranging a junket with a casino operator in Singapore which is—
- (a) borne, directly or indirectly, by a person resident in Singapore or a permanent establishment in Singapore except in respect of any business carried on outside Singapore through a permanent establishment outside Singapore; or
- (b) deductible against any income accruing in or derived from Singapore.
- “(8) There shall be deemed to be derived from Singapore any commission or other payment paid to a junket promoter for arranging a junket with a casino operator in Singapore which is—
