Singapore legislation

Clause 7

of Income Tax (Amendment) Bill

Clause 7

Amendment of section 14

Section 14(1) of the principal Act is amended —

(a)

by inserting, immediately after the words “1st July 1994” in sub-paragraph (i)(G) of the proviso to paragraph (e), the words “and before 1st January 1999”;

(b)

by deleting the comma at the end of sub-paragraph (i)(G) of the proviso to paragraph (e) and substituting a semi-colon and, by inserting immediately thereafter the following sub-paragraph:“(H)commencing on or after 1st January 1999 shall not exceed 10%,”; and

(c)

by deleting subsection (4) and substituting the following subsection:“(4) Subsections (3) and (3A) shall apply to a motor car 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 and which —

(a)

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 except where the motor car is —

(i)

used principally for instructional purposes; and

(ii)

acquired by a person who carries on the business of providing driving instruction and who holds a driving school licence or driving instructor’s licence issued under that Act; or

(b)

is registered outside Singapore and used exclusively outside Singapore.”.