Singapore legislation
Clause 2
Clause 2
Amendment of section 14
Section 14(1)(e) of the Income Tax Act (referred to in this Act as the principal Act) is amended —
(a)
by deleting the word “and” at the end of sub-paragraph (i)(D) of the proviso;
(b)
by deleting the words “shall not exceed 22%,” in sub-paragraph (i)(E) of the proviso and substituting the words “and before 1st July 1983 shall not exceed 22%;”; and
(c)
by inserting, immediately after sub-paragraph (i)(E) of the proviso, the following sub-paragraphs:“(F)commencing on or after 1st July 1983 and before 1st July 1984 shall not exceed 23%; and
(G)
commencing on or after 1st July 1984 shall not exceed 25%,”.