Singapore legislation

Clause 11

of Income Tax (Amendment) Bill

Clause 11

Amendment of section 15

Section 15 of the principal Act is amended —

(a)

by deleting paragraph (k) of subsection (1) and substituting the following paragraph:“(k)any outgoings and expenses, whether directly or in the form of reimbursements, and any claim for the cost of renewal incurred on or after 1st April 1998 in respect of a motor car (whether owned by him or any other person) which is constructed or adapted for the carriage of not more than 7 passengers exclusive of the driver and the weight of which unladen does not exceed 3,000 kilograms except —

(i)

a taxi;

(ii)

a motor car registered outside Singapore and used exclusively outside Singapore;

(iii)

a private hire car if the person is carrying on the business of hiring out cars and the private hire car is used by the person principally for hiring;

(iv)

a motor car which was registered before 1st April 1998 as a business service passenger vehicle for the purposes of the Road Traffic Act (Cap. 276) and the rules made thereunder; and

(v)

a motor car registered on or after 1st April 1998 which is used principally for instructional purposes if the person is carrying on the business of providing driving instruction and holds a driving school licence or driving instructor’s licence issued under the Road Traffic Act;”;

(b)

by inserting, immediately after the words “on or after 1st April 1983” in subsection (1)(n), the words “and before 1st April 1998”; and

(c)

by deleting the words “or 14K” in subsection (2) and substituting the words “, 14K, 14M or 14N”.