Singapore legislation

Clause 11

of Income Tax (Amendment) Bill

Clause 11

Amendment of section 14

Section 14(1) of the principal Act is amended by deleting the comma at the end of sub-paragraph (G) of proviso (i) to paragraph (e) and substituting a semi-colon, and by inserting immediately thereafter the following sub-paragraphs:“(H)commencing on or after 1st September 2010 shall not exceed 15%;

(I)

commencing on or after 1st March 2011 shall not exceed 151/2%,”.