Singapore legislation

Clause 23

of Income Tax (Amendment) Bill

Clause 23

Amendment of section 37

Section 37 of the principal Act is amended —

(a)

by inserting, immediately after the word “artefact” in subsection (3)(b)(i), the words “or work of art”;

(b)

by deleting the word “or” at the end of subsection (3)(b)(i);

(c)

by deleting the words “for public display outdoors” in subsection (3)(b)(ii) and substituting the words “or work of art for public display”;

(d)

by deleting the comma at the end of sub-paragraph (ii) of subsection (3)(b) and substituting the word “; or”, and by inserting immediately thereafter the following sub-paragraph:“(iii)money or services for installing or maintaining any sculpture or work of art for public display made by him in the year preceding the year of assessment,”; and

(e)

by inserting, immediately after subsection (16), the following subsection:“(16A) For the purposes of subsection (3)(b), “museum” includes any institution established for the purpose of acquiring any collection of artefacts and making them accessible to the public.”.