Singapore legislation

Clause 36

Amendment of section 44

Section 44(20) of the principal Act is amended by deleting paragraph (g) and substituting the following paragraph:“(g)relevant rate of tax —

(i)

in relation to a dividend paid from 1st January 2002 to 31st December 2003, is 22%; and

(ii)

in relation to a dividend paid from 1st January 2004, is 20%.”.