Singapore legislation
Clause 16
Clause 16
Amendment of section 45
Section 45 of the principal Act is amended —
(a)
by deleting “26%” in the 4th line of subsection (1) and in the 3rd line of subsection (2)(b) and substituting in each case “25.5%”; and
(b)
by inserting, immediately after subsection (1), the following subsection:“(1A) Notwithstanding subsection (1), tax shall be deducted at the rate of 26% on every payment (other than payment subject to tax at the rate specified in section 43(1B)) made on or after 1st January 2000 which would be assessable on the person receiving the payment for the year of assessment 1997, 1998, 1999 or 2000.”.