Singapore legislation

Clause 46

Amendment of section 50A

Section 50A of the principal Act is amended —

(a)

by deleting paragraphs (a) and (aa) of subsection (1) and substituting the following paragraphs:“(a)any income derived from any professional, consultancy and other services rendered in that territory;

(aa)any royalty derived from that territory, where the payment is not —

(i)

borne, directly or indirectly, by a person resident in Singapore or a permanent establishment in Singapore (except in respect of any business carried on outside Singapore through a permanent establishment outside Singapore); or

(ii)

deductible against any income accruing in or derived from Singapore;”;

(b)

by deleting subsection (2);

(c)

by deleting the words “and subject to any regulations made under subsection (1)(a)” in subsection (5); and

(d)

by deleting the words “or any regulations made thereunder” in subsection (6).

Read in full context — Income Tax (Amendment) Bill →