Clause 22

by deleting the word “specified” in the 3rd line of subsection (1) and substituting the word “any”;

by deleting paragraph (b) of subsection (1) and substituting the following paragraph: “(b)payments made by that person to a research and development organisation for undertaking on his behalf research and development related to that trade or business. ”.(c)by deleting subsection (3) and substituting the following subsection:“(3) If the research and development organisation referred to in subsection (1)(b) is outside Singapore, a claim for deduction shall be allowed to a person only if —

there is an undertaking by the person that any benefit which may arise from the conduct of the research and development shall accrue to the person; and

the claim is made by the person in such manner and subject to such conditions as the Comptroller may require.”.