Singapore legislation

Clause 24

Amendment of section 37C

Section 37C(15) of the principal Act is amended —

(a)

by inserting, immediately after the words “subsection (14)(a)” in paragraph (a), the words “(except in relation to allowances falling under sections 16 and 17)”;

(b)

by deleting the word “and” at the end of paragraph (b); and

(c)

by deleting the full-stop at the end of paragraph (c) and substituting the word “; and”, and by inserting immediately thereafter the following paragraph:“(d)any company, in respect of qualifying deductions under subsection (14) relating to any income the tax on which is remitted under the provisions of this Act, unless the Minister otherwise approves.”.

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