Singapore legislation
Clause 2
Clause 2
Amendment of section 2
Section 2 of the Income Tax Act (hereinafter referred to as “the principal Act”) is hereby amended by deleting the definition of “resident in Singapore” and substituting therefor the following: —“ “resident in Singapore” —
in relation to an individual, means a person who, in the year preceding the year of assessment, resides in Singapore except for such temporary absences therefrom as may be reasonable and not inconsistent with a claim by such person to be resident in Singapore, and includes a person who is physically present or who exercises an employment (other than as a director of a company) in Singapore for 183 days or more during the year preceding the year of assessment; and
in relation to a company or body of persons, means a company or body of persons the control and management of whose business is exercised in Singapore;”.