Singapore legislation
Clause 22
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 22
Amendment of section 97Q
Section 97Q of the principal Act is amended by deleting subsection (4A) and substituting the following subsection:“(4A) Notwithstanding subsections (3) and (4), no dividend paid on any share of a preferential nature shall be exempt from tax under this section in the hands of the shareholder.”.