Singapore legislation

Clause 29

Amendment of section 44

Section 44(20) of the principal Act is amended by deleting paragraph (g) and substituting the following paragraph:“(g)relevant rate of tax —

(i)

in relation to a dividend paid from 1st January 2004 to 31st December 2006, is 20%; and

(ii)

in relation to a dividend paid from 1st January 2007 to 31st December 2007, is 18%.”.