Singapore legislation

Clause 14

Amendment of section 48

Section 48 of the principal Act is amended —

(a)

by inserting, immediately after the word “income” in the third line of subsection (2), the words “(other than specified income)”;

(b)

by inserting, immediately after the word “payable” in the third line of subsection (4), the words “on any income other than specified income”;

(c)

by inserting, immediately after the word “income” in the fifth and in the seventh lines of subsection (4), the words “(other than specified income)”; and

(d)

by inserting, immediately after subsection (4), the following subsection:“(4A) In this section, “specified income” means any income of a person not resident in Singapore which is subject to tax at the rate specified in section 43(1B).”.

Read in full context — Income Tax (Amendment No. 2) Bill →