Singapore legislation
Clause 32
Clause 32
Remission of tax
(1)
There shall be remitted the tax payable for the year of assessment 2001 by an individual or a Hindu joint family resident in Singapore a sum equal to the aggregate of —
(a)
10% of the tax payable for that year of assessment; and
(b)
an amount not exceeding $500 as determined by the Comptroller.
(2)
The remission under subsection (1)(a) shall be given before the remission under subsection (1)(b).