Singapore legislation
Clause 17
Clause 17
Amendment of section 45
Section 45 of the principal Act is amended —
(a)
by deleting “31%” wherever it appears in subsection (1) and substituting in each case “30%”; and
(b)
by deleting the full-stop at the end of paragraph (c) of subsection (7) and substituting a semicolon, and by inserting immediately thereafter the following paragraph:“(d)at the rate of 31% on every payment made on or after 1st January 1992 which would be assessable on the person receiving the payment for the year of assessment 1991 or 1992.”.