Singapore legislation
Clause 8
Clause 8
Amendment of section 42
Section 42 of the principal Act is amended —
(a)
by deleting “30%” in the last line of subsection (2) and substituting in each case “28%”;
(b)
by deleting “27%” wherever it appears in subsections (5) and (6) and substituting in each case “26%”;
(c)
by deleting the word “and” at the end of subsection (6)(c); and
(d)
by deleting the full-stop at the end of paragraph (d) of subsection (6) and substituting a semi-colon, and by inserting immediately thereafter the following paragraph:“(e)for the years of assessment 1994, 1995 and 1996, be read as a reference to 27%.”.