Clause 22

by deleting the words “or (6)” in subsections (2), (7), (8), (9) and (12);

by deleting paragraph (d) of subsection (3) and substituting the following paragraph:“(d)an amount equivalent to twice the value of any donation of a computer (including computer software and peripherals) approved by the Minister or such person as he may appoint and made by any company in the year preceding the year of assessment to —

any institution of a public character approved by the Minister, Comptroller or any Central Fund Administrator on application by that institution; or

a prescribed educational, research or other institution in Singapore;”;

by inserting, immediately after the words “section 37D” in subsection (5), the words “or 37F, or deducted against income for the immediate preceding year of assessment under section 37E”;

by deleting subsections (6) and (18);

by deleting paragraph (a) of subsection (14) and substituting the following paragraph:“(a)the shareholders of a company at any date shall not be deemed to be substantially the same as the shareholders at any other date unless, on both those dates, not less than 50% of the total number of issued shares of the company are held by or on behalf of the same persons;”; and

by inserting, immediately after subsection (14), the following subsection:“(14A) For the purpose of subsection (14), where any part of a share of a shareholder is not fully paid up, there shall be disregarded a proportion equal towhere Ais the amount that has not been paid in respect of the share; andBis the total amount payable in respect of the share.”.