Singapore legislation

Clause 53

of Income Tax (Amendment) Bill

Clause 53

Amendment of Fifth Schedule

The Fifth Schedule to the principal Act is amended —

(a)

by deleting the words “or a subsequent year of assessment” in paragraph 3(a)(ii); and

(b)

by inserting, immediately after paragraph 3, the following paragraph:“3A. For the year of assessment 2010 or any subsequent year of assessment, no deduction shall be allowed in respect of any child —

(a)

who is not incapacitated by reason of physical or mental infirmity; and

(b)

who meets either or both of the following:

(i)

his income (excluding income to which the child is entitled as the holder of a scholarship, bursary or similar educational endowment) for the year immediately preceding the year of assessment exceeded $4,000;

(ii)

he was engaged in any employment, other than under articles or indentures, or carried on or exercised a trade, business, profession or vocation, during the year immediately preceding the year of assessment.”.

Clause 53 — Income Tax (Amendment) Bill | laws.sg