Singapore legislation

Clause 54

of Income Tax (Amendment) Bill

Clause 54

Amendment of section 50A

Section 50A(1) of the principal Act is amended by inserting, immediately after paragraph (a), the following paragraph:“(aa)any income derived for the year of assessment 2003 and subsequent years of assessment from any professional, consultancy and other services, where the services are rendered in any territory outside Singapore and where the Comptroller is satisfied that the income is derived, for the purposes of this Act, from that territory;”.