Singapore legislation

Clause 34

Amendment of section 43N

Section 43N of the principal Act is amended —

(a)

by deleting paragraph (aa) of subsection (1) and substituting the following paragraph:“(aa)discount derived by any company from —

(i)

any qualifying debt securities issued during the period from 27th February 2004 to 16th February 2006 which mature within one year from the date of issue of those securities; or

(ii)

any qualifying debt securities issued during the period from 17th February 2006 to 31st December 2008;”; and

(b)

by deleting paragraph (b) of subsection (2) and substituting the following paragraph:“(b)any discount from —

(i)

any qualifying debt securities issued during the period from 27th February 2004 to 16th February 2006 which mature within one year from the date of issue of those securities; or

(ii)

any qualifying debt securities issued during the period from 17th February 2006 to 31st December 2008; and”.

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