Singapore legislation

Clause 4

Amendment of section 10C

Section 10C of the principal Act is amended —

(a)

by inserting, immediately after subsection (1A), the following subsection:“(1AA) Subsection (1A) shall not apply to contributions made by an employer in any year from 1st January 1999 to the Central Provident Fund in respect of an employee who holds a professional visit pass, an employment pass or a work permit in that year.”;

(b)

by deleting the words “subsection (1C)” in the penultimate line of subsection (1B) and substituting the words “subsections (1C) and (1D)”; and

(c)

by inserting, immediately after subsection (1C), the following subsection:“(1D) Subsection (1B) shall not apply to contributions made by an employer in any year from 1st January 1999 to the Central Provident Fund in respect of an employee who holds a professional visit pass, an employment pass or a work permit in that year.”.

Read in full context — Income Tax (Amendment) Bill →