Singapore legislation

Clause 33

of Income Tax (Amendment) Bill

Clause 33

Amendment of section 43G

Section 43G of the principal Act is amended —

(a)

by deleting paragraph (b) of subsection (1) and substituting the following paragraph:“(b)such prescribed qualifying services as may be provided by its approved Finance and Treasury Centre to —

(i)

its offices and associated companies outside Singapore; or

(ii)

such of its offices and associated companies in Singapore as are approved on or after 18th February 2005,”;

(b)

by deleting the words “outside Singapore” wherever they appear in the definition of “Finance and Treasury Centre” in subsection (3);

(c)

by deleting the words “its issued capital is” in subsection (4)(a) and substituting the words “the total number of its issued shares are”;

(d)

by deleting the words “issued capital” in subsection (4)(b) and substituting the words “total number of issued shares”; and

(e)

by deleting the word “is” in subsection (4)(b) and substituting the word “are”.

Clause 33 — Income Tax (Amendment) Bill | laws.sg