Singapore legislation
Clause 23
Clause 23
Remission of tax
(1)
There shall be remitted 5% of the tax payable for the year of assessment 1994 by an individual or Hindu joint family resident in Singapore and the amount of such remission shall be determined by the Comptroller.
(2)
The remission under subsection (1) shall be given before the remission under section 38(2) of the Income Tax (Amendment) Act 1993 [Act 26 of 1993].