Singapore legislation

Clause 28

of Income Tax (Amendment) Bill

Clause 28

Amendment of section 18C

Section 18C of the principal Act is amended —

(a)

by deleting the words “the intensified use of such land” in subsection (2) and substituting the words “such intensified use of the land”;

(b)

by deleting the words “more than 80%” in subsection (5) and substituting the words “at least 80%”;

(c)

by deleting the words “an approved construction or approved renovation” in the definition of “qualifying capital expenditure” in subsection (12) and substituting the words “any construction or renovation”; and

(d)

by deleting the words “that approved construction or approved renovation” in the definition of “qualifying capital expenditure” in subsection (12) and substituting the words “that construction or renovation”.

Clause 28 — Income Tax (Amendment) Bill | laws.sg