Clause 16

by deleting the comma at the end of sub-paragraph (I) of proviso (i) to paragraph (e) of subsection (1) and substituting a semi colon, and by inserting immediately thereafter the following sub-paragraph:“(J)commencing on or after 1st September 2011 shall not exceed 16%,”; and

by inserting, immediately after paragraph (f) of subsection (1), the following paragraph:“(fa)any voluntary contribution in cash made in 2011 or any subsequent year by a person prescribed for the purposes of section 13(1)(jc) to the medisave account maintained under the Central Provident Fund Act (Cap. 36) of a self-employed individual which is exempt from tax under that provision, subject to a maximum deduction of $1,500 for that year for each individual;”.