Singapore legislation

Clause 30

Amendment of section 43C

Section 43C of the principal Act is amended —

(a)

by deleting the words “insurance company” in paragraphs (a) and (b) and substituting in each case the word “insurer”; and

(b)

by renumbering the section as subsection (1) of that section, and by inserting immediately thereafter the following subsection:“(2) In this section, “insurer” means —

(a)

a company registered under the Insurance Act (Cap. 142) to carry on insurance business in Singapore; or

(b)

a person (including a partnership), other than an individual, permitted under the Insurance Act to carry on insurance business in Singapore under a foreign insurer scheme.”.

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