Singapore legislation

Clause 3

of Income Tax (Amendment) Bill

Clause 3

Amendment of section 10

Section 10 of the principal Act is amended —

(a)

by inserting, immediately after subsection (6A), the following subsection:“(6B) Subsection (6) shall not apply to any annuity purchased under the SRS.”; and

(b)

by inserting, immediately after subsection (15), the following subsection:“(16) Any payment accrued to a self-employed woman under section 9(2) of the Children Development Co-Savings Act 2001 (Act 13 of 2001) shall be deemed to be income from her trade, business, profession or vocation chargeable to tax under subsection (1)(a).”.