Singapore legislation

Clause 17

of Income Tax (Amendment) Bill

Clause 17

Amendment of section 43D

Section 43D(1) of the principal Act is amended —

(a)

by deleting the word “or” at the end of paragraph (a)(iii);

(b)

by inserting the word “or” at the end of paragraph (a)(iv); and

(c)

by inserting, immediately after sub-paragraph (iv) of paragraph (a), the following sub-paragraph:“(v)a foreign investor where such transaction is carried out through an Asian Currency Unit of a financial institution or a fund manager approved in either case under section 13C or 43A;”.

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