Singapore legislation

Clause 14

of Income Tax (Amendment) Bill

Clause 14

Amendment of section 42A

Section 42A of the principal Act is amended —

(a)

by deleting the words “5 subsequent years” in the seventh and eighth lines of subsection (3)(a) and substituting the words “7 subsequent years”; and

(b)

by deleting the words “7 years” wherever they appear in subsection (3)(b), (c), (d) and (e) and substituting in each case the words “9 years”.