Singapore legislation

Clause 5

of Income Tax (Amendment) Bill

Clause 5

Amendment of section 20

Section 20 of the principal Act is amended by deleting paragraph (aa) of subsection (5) and substituting the following paragraph:“(aa)a motor car acquired —

(i)

on or after 1st April, 1979, and before 1st April, 1982, paragraph (a) shall apply except that the reference to “15,000” in the formula in that paragraph shall be read as a reference to “25,000”; and

(ii)

on or after 1st April, 1982, paragraph (a) shall apply except that the reference to “15,000” in the formula in that paragraph shall be read as a reference to “35,000”; and”.