Singapore legislation

Clause 27

of Income Tax (Amendment) Bill

Clause 27

Amendment of section 15

Section 15 of the principal Act is amended —

(a)

by deleting the words “and (f)” in subsection (1)(i)(iv) and substituting the words “, (f) and (fa)”;

(b)

by inserting, immediately after the words “treasury shares” in subsection (1)(q), the words “, or shares in respect of which the company is allowed a deduction under section 14PA(7)”; and

(c)

by inserting, immediately after “14P,” in subsection (2), “14PA,”.

Clause 27 — Income Tax (Amendment) Bill | laws.sg