Singapore legislation

Clause 20

Amendment of section 14K

Section 14K of the principal Act is amended —

(a)

by deleting paragraph (b) of subsection (1);

(b)

by deleting the words “or expenses for the maintenance of an approved overseas project development office” in subsection (2)(a);

(c)

by deleting the words “or the overseas project development office” in subsection (2)(b);

(d)

by deleting the words “2 employees” in subsection (3)(a) and substituting the words “the approved number of employees”;

(e)

by deleting paragraph (b) of subsection (3);

(f)

by deleting the words “or expense” wherever they appear in subsections (1), (4) and (6);

(g)

by deleting the definition of “overseas project development office” in subsection (7); and

(h)

by inserting, immediately after subsection (7), the following subsection:“(8) No approval shall be granted under this section after 31st March 2016.”.

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