Singapore legislation

Section 92D

of Income Tax Act 1947

Section 92D

Remission of tax of companies for years of assessment 2013, 2014 and 2015

Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitted the tax payable for each of the years of assessment 2013, 2014 and 2015 by the company of an amount equal to the lower of the following:

(a)

30% of the tax payable for that year of assessment (excluding any tax levied and paid or payable pursuant to section 43(3), (3A) and (3B));

(b)

$30,000.

Read in full context — Income Tax Act 1947 →