Singapore legislation
Section 92H
Section 92H
Remission of tax of companies for year of assessment 2019
Amended by45/2018
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 2019 by the company of an amount equal to the lower of the following:
(a)
20% 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)
$10,000.