Singapore legislation
Clause 65
Clause 65
Remission of tax
(1)
Section 32(1)(a) of the Income Tax (Amendment) Act 2001 (Act 24 of 2001) is amended by deleting “10%” and substituting “15%”.
(2)
There shall be remitted the tax payable for the year of assessment 2002 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 $250 as determined by the Comptroller.
(3)
The remission under subsection (2)(a) shall be given before the remission under subsection (2)(b).