Singapore legislation

Clause 6

of Income Tax (Amendment) Bill

Clause 6

Amendment of section 10C

Section 10C of the principal Act is amended —

(a)

by deleting the words “40% of all ordinary wages” in subsection (1)(b) and substituting “$27,500”;

(b)

by deleting “$72,000” in subsection (7) and substituting “$66,000”;

(c)

by deleting “$100,000” wherever it appears in subsection (7)(a) and (b) and substituting in each case “$93,500”;

(d)

by deleting “$6,000” in paragraph (a) of the definition of “relevant amount” in subsection (12) and substituting “$5,500”; and

(e)

by deleting “$100,000” in paragraph (b) of the definition of “relevant amount” in subsection (12) and substituting “$93,500”.

Clause 6 — Income Tax (Amendment) Bill | laws.sg