Clause 12

Notwithstanding the provisions of section 72 of this Ordinance, where —

in any year of assessment a person ceases to carry on a trade, business, profession, vocation or employment; or

the Comptroller is of the opinion that any person possessing a source of income is about to leave Singapore and is likely to cease to possess that source in the year of assessment in which he leaves Singapore or in the following two years,the Comptroller may make such assessment or additional assessments as may be necessary to bring to charge the full amount of the income from all sources derived or to be derived by such person up to the year in which the source of income ceases or is likely to cease.(2) Where the income of a person is ascertained under the provisions of section 27 of this Ordinance, the Comptroller may make an assessment in respect of any income of such person within the year in which the income is deemed to accrue.(3) Where the statutory income of any person has been computed under subsection (2) of section 35 of this Ordinance, the Comptroller may, if he thinks fit, as soon as may be after the end of such accounting period make an assessment in respect of the income of that person for the year of assessment following that in which such accounting period ends.(4) Where the Comptroller has exercised his powers to make an advance assessment under this section, such assessment shall be made on the assumption that —

the provisions of this Ordinance in force during the year of assessment in which such assessment is made will continue in force for the year of assessment for which such assessment is made; and

if such person so assessed is an individual, the personal circumstances of that person will be the same in the year of assessment as they were when such assessment is in fact made:Provided, however, that if it appears to the Comptroller that by reason of such assumption an advance assessment so made has become less favourable to that person than it would have been if made under the provisions of subsection (1) of section 35 of this Ordinance, he shall amend such assessment as to him seems reasonable:And provided further that nothing in this section shall affect the Comptroller’s right to make any additional assessment due to any change of circumstances and without prejudice to the generality of section 73 of this Ordinance.”.