Singapore legislation

Clause 5

of Income Tax (Amendment) Bill

Clause 5

Amendment of section 13

Section 13(1) of the principal Act is amended by deleting paragraph (y) and substituting the following paragraph:“(y)such income as may be prescribed by regulations under section 43A of a company approved under section 43A(1)(c) and of a financial institution from the operation of its Asian Currency Unit;”.

Clause 5 — Income Tax (Amendment) Bill | laws.sg