Singapore legislation

Clause 29

of Income Tax (Amendment) Bill

Clause 29

Amendment of section 45

Section 45 of the principal Act is amended —

(a)

by deleting “30%” wherever it appears in subsection (1) and substituting in each case “27%”;

(b)

by deleting the words “7 days” in subsections (3) and (4) and substituting in each case the words “10 days”; and

(c)

by deleting the full-stop at the end of paragraph (d) of subsection (7) and substituting a semi-colon, and by inserting immediately thereafter the following paragraph:“(e)at the rate of 30% on every payment made on or after 1st January 1993 which would be assessable on the person receiving the payment for the year of assessment 1993.”.

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