Income Tax (Qualifying Project Debt Securities) (Amendment) Regulations 2026

Singapore Legislation Updates

Published April 2nd, 2026

Detected April 4th, 2026

Summary

The Inland Revenue Authority of Singapore issued amendments to the Income Tax (Qualifying Project Debt Securities) Regulations, with staggered effective dates including retroactive application to 15 February 2023 and 31 December 2021, and prospective application on 2 April 2026. The amendment clarifies the operative dates for different provisions under the qualifying project debt securities regime under section 13 of the Income Tax Act 1947.

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What changed

These amendment regulations establish the operative dates for provisions affecting qualifying project debt securities under Singapore's Income Tax Act 1947. Part 2 and Part 4 have retroactive deemed operation dates of 15 February 2023 and 31 December 2021 respectively, while Part 3 takes effect on 2 April 2026. The regulations were made by the Minister for Finance on 28 March 2026 under delegated legislative authority.

Regulated entities holding or managing qualifying project debt securities should verify their tax positions against these clarified effective dates. Entities should confirm whether their securities arrangements fall within the scope of Parts 2, 3, or 4 to determine the applicable operative date for their tax treatment. No new compliance obligations are imposed; this amendment primarily codifies existing practice through formal legislative mechanism.

What to do next

Review existing qualifying project debt securities arrangements to confirm applicable operative date under the amended regulations
Verify tax treatment for securities falling under Parts 2, 3, or 4 based on their respective effective dates
Update financial records to reflect retroactive operative dates where applicable

Source document (simplified)

Income Tax (Qualifying Project Debt Securities) (Amendment) Regulations 2026 Status:
Published in Subsidiary Legislation Supplement
on 02 Apr 2026
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No. S 197
| Income Tax Act 1947 |

| Income Tax
(Qualifying Project Debt Securities)
(Amendment) Regulations 2026 |

| | In exercise of the powers conferred by section 13(1) and (16) of the Income Tax Act 1947, the Minister for Finance makes the following Regulations: | | In exercise of the powers conferred by section 13(1) and (16) of the Income Tax Act 1947, the Minister for Finance makes the following Regulations: |
| In exercise of the powers conferred by section 13(1) and (16) of the Income Tax Act 1947, the Minister for Finance makes the following Regulations: | |

| PART 1
| PRELIMINARY |

| Citation and commencement |

| 1. —(1)  These Regulations are the Income Tax (Qualifying Project Debt Securities) (Amendment) Regulations 2026.
\| (2)  Part 2 is deemed to have come into operation on 15 February 2023. \|

\| (3)  Part 3 comes into operation on 2 April 2026. \|

\| (4)  Part 4 is deemed to have come into operation on 31 December 2021. \| | (2)  Part 2 is deemed to have come into operation on 15 February 2023. | (3)  Part 3 comes into operation on 2 April 2026. | (4)  Part 4 is deemed to have come into operation on 31 December 2021. |
| (2)  Part 2 is deemed to have come into operation on 15 February 2023. | | | |
| (3)  Part 3 comes into operation on 2 April 2026. | | | |
| (4)  Part 4 is deemed to have come into operation on 31 December 2021. | | | | | PRELIMINARY | Citation and commencement | 1. —(1)  These Regulations are the Income Tax (Qualifying Project Debt Securities) (Amendment) Regulations 2026.
| (2)  Part 2 is deemed to have come into operation on 15 February 2023. |

| (3)  Part 3 comes into operation on 2 April 2026. |

| (4)  Part 4 is deemed to have come into operation on 31 December 2021. | | (2)  Part 2 is deemed to have come into operation on 15 February 2023. | (3)  Part 3 comes into operation on 2 April 2026. | (4)  Part 4 is deemed to have come into operation on 31 December 2021. |
| PRELIMINARY | | | | | | |
| Citation and commencement | | | | | | |
| 1. —(1)  These Regulations are the Income Tax (Qualifying Project Debt Securities) (Amendment) Regulations 2026.
| (2)  Part 2 is deemed to have come into operation on 15 February 2023. |

| (3)  Part 3 comes into operation on 2 April 2026. |

| (4)  Part 4 is deemed to have come into operation on 31 December 2021. | | (2)  Part 2 is deemed to have come into operation on 15 February 2023. | (3)  Part 3 comes into operation on 2 April 2026. | (4)  Part 4 is deemed to have come into operation on 31 December 2021. | | | |
| (2)  Part 2 is deemed to have come into operation on 15 February 2023. | | | | | | |
| (3)  Part 3 comes into operation on 2 April 2026. | | | | | | |
| (4)  Part 4 is deemed to have come into operation on 31 December 2021. | | | | | | |
[G.N. Nos. S 512/2013; S 238/2016; S 606/2017; S 878/2022]
| | Made on 28 March 2026. |