Singapore legislation

Clause 19

Repeal and re-enactment of section 98A

Section 98A of the principal Act is repealed and the following section substituted therefor:“Provisions relating to penalty98A.—

(1)

Any penalty imposed under this Act shall not be deemed to be part of the tax paid for the purposes of claiming relief under any of the provisions of this Act.(2) Any penalty imposed on or after 1st January 1992 under section 44(10), 45 (3), 88 (1) or 91 (2A) shall be deemed to be interest on tax for the purposes of section 33(1) of the Limitation Act (Cap. 163).”.

Read in full context — Income Tax (Amendment) Bill →