Clause 7

by inserting, immediately after sub-paragraph (ii) of paragraph (e), the following sub-paragraph:“(iii)no deduction shall be allowed in respect of any sum contributed by an employer for the period on or after 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 or who would be required to obtain such a pass or permit if he were to work in Singapore;”; and

by deleting the semi-colon at the end of paragraph (ea) and substituting a colon, and by inserting immediately thereafter the following proviso:“Provided that no deduction shall be allowed in respect of any sum contributed by an employer for the period on or after 1st January 1999 to the medisave account maintained under the Central Provident Fund Act (Cap. 36) in respect of an employee who holds a professional visit pass, an employment pass or a work permit or who would be required to obtain such a pass or permit if he were to work in Singapore;”.