Singapore legislation

Clause 13

Amendment of section 43

Section 43 of the principal Act is amended —

(a)

by deleting “32%” in subsection (1)(a) and (b) and substituting in each case “31%”; and

(b)

by deleting subsection (2) and substituting the following subsection:“(2) The reference in subsection (1) to 31% shall —

(a)

for the years of assessment 1987 to 1989, be read as a reference to 33%; and

(b)

for the year of assessment 1990, be read as a reference to 32%.”.