Singapore legislation

Clause 13

of Income Tax (Amendment) Bill

Clause 13

Amendment of section 43D

Section 43D of the principal Act is amended —

(a)

by deleting the words “member of the Singapore International Monetary Exchange” in the 4th and 5th lines of subsection (1) and substituting the words “futures member of the Singapore Exchange”;

(b)

by deleting the words “member of the Exchange” in subsection (1)(a)(ii) and substituting the words “futures member of the Singapore Exchange”; and

(c)

by inserting, immediately after subsection (2), the following subsection:“(3) In this section, “futures member of the Singapore Exchange” means any company which holds membership of any class or description of a futures market, or of a clearing house for the futures market, maintained by the Singapore Exchange Limited or any of its subsidiaries.”.

Clause 13 — Income Tax (Amendment) Bill | laws.sg