Singapore legislation

Clause 7

of Income Tax (Amendment) Bill

Clause 7

Amendment of section 14

Section 14(1) of the principal Act is amended —

(a)

by inserting, immediately after the words “1st July 1993” in sub-paragraph (i)(N) of the proviso to paragraph (e), the words “and before 1st July 1994”; and

(b)

by deleting the comma at the end of sub-paragraph (i)(N) of the proviso to paragraph (e) and substituting a semi-colon, and by inserting immediately thereafter the following sub-paragraph:“(O)commencing on or after 1st July 1994 shall not exceed 20%,”.