Clause 26

by deleting “$28,050” wherever it appears in subsection (2)(h) and substituting in each case “$25,245”;

by deleting paragraph (l) of subsection (2);

by deleting the words “paragraph (l)” in subsection (2)(m)(v) and (vi) and (n)(iii) and (v) and substituting in each case the words “subsection (2A) or (2B)”;

by deleting the words “paragraph (l) or (m)” in subsection(2)(n) and substituting the words “paragraph (m) or subsection (2A) or (2B)”;

by inserting, immediately after subsection (2), the following subsections:“(2A) In the case of an individual resident in Singapore in the year of assessment who was an operationally ready national serviceman and who —

had performed operationally ready national service during the relevant period; and

is certified by the proper authority as being entitled to the deduction under this subsection,there shall be allowed —

a deduction of $3,000 if the individual is not a NS key command and staff appointment holder at any time during the relevant period; or

a deduction of $5,000 if the individual is a NS key command and staff appointment holder at any time during the relevant period.(2B) In the case of an individual resident in Singapore in the year of assessment who was an operationally ready national serviceman and who —

had not performed operationally ready national service during the relevant period; and

is certified by the proper authority as being entitled to the deduction under this subsection,there shall be allowed —

a deduction of $1,500 if the individual is not a NS key command and staff appointment holder at any time during the relevant period; or

a deduction of $3,500 if the individual is a NS key command and staff appointment holder at any time during the relevant period.”;

by deleting subsection (6) and substituting the following subsection:“(6) Where in any year an individual has made contributions to the Central Provident Fund in respect of additional wages paid to him in that year, no deduction shall be allowed for any contributions in respect of that part of his additional wages which exceeds the specified amount paid to him in that year.”;

by deleting the words “, with the necessary modifications,” in subsection (7);

by deleting the words “subsection (6)(a) and (b)” in subsection (8) and substituting the words “subsection (6)”;

by inserting, immediately after the definition of “NOR individual” in subsection (13), the following definition:“ “NS key command and staff appointment holder” means a person appointed as such by the proper authority;”;

by deleting the definitions of “overseas additional wages”, “overseas ordinary wages”, “overseas total wages” and “relevant employer” in subsection (13) and substituting the following definitions:“ “overseas additional wages”, “overseas ordinary wages”, “overseas total wages”, “relevant employer” and “specified amount” have the same meanings as in section 10C(12);”; and

by inserting, immediately after the definition of “proper authority” in subsection (13), the following definition:“ “relevant period”, in relation to any year of assessment, means the period beginning from 1st April of the year immediately preceding the year of assessment and ending on 31st March of the subsequent year;”.