Singapore legislation
Section 92E
Section 92E
Remission of tax of companies for year of assessment 2016
Amended by2/201634/201639/2017
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 the year of assessment 2016 by the company of an amount equal to the lower of the following:
(a)
50% 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)
$20,000.