Singapore legislation

Clause 21

of Income Tax (Amendment) Bill

Clause 21

Amendment of section 37

Section 37 (2) of the principal Act is amended by deleting paragraph (b) and substituting the following paragraph:“(b)an amount not exceeding twice the value, both the amount and value to be determined by the Minister, of an approved gift made to an approved museum in the year preceding the year of assessment; and for this purpose “approved” means approved by the Minister or such person as he may appoint;”.