Singapore legislation
Clause 32
Clause 32
Amendment of section 50
Section 50 of the principal Act is amended —
(a)
by deleting “33%” wherever it appears in subsection (3) and substituting in each case “30%”; and
(b)
by inserting, immediately after subsection (11), the following subsection:“(12) Any person granted any tax credit under this section on any income shall not be given any tax credit under section 50A or any regulations made thereunder in respect of that income.”.