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Income Tax (Amendment) Bill/Clause 10

Singapore legislation

Clause 10

of Income Tax (Amendment) Bill

Clause 10

Amendment of section 14I

Section 14I of the principal Act is amended by inserting, immediately after subsection (5), the following subsection: “(5A) Subsections (4)(a) and (b) and (5)(a) shall not apply to any bank.”.

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