Singapore legislation

Clause 12

Amendment of section 13M

Section 13M(7) of the principal Act is amended by deleting paragraph (a) of the definition of “qualifying employee” and substituting the following paragraph:“(a)is committed to work —

(i)

where the time of the grant is before 1st January 2010 —

(A)

at least 30 hours per week for the company; or

(B)

where he is committed to work less than that number of hours, at least 75% of his total working time per week for the company; and

(ii)

where the time of the grant is on or after 1st January 2010 —

(A)

at least the number of hours per week referred to in section 66A(1) of the Employment Act (Cap. 91) for the company; or

(B)

where he is committed to work less than that number of hours, at least 75% of his total working time per week for the company; and”.

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