Singapore legislation
Clause 70
Clause 70
Remission of tax for year of assessment 2011
There shall be remitted the tax payable for the year of assessment 2011 by an individual or Hindu joint family resident in Singapore an amount equal to —
(a)
20% of the tax payable for that year of assessment; or
(b)
$2,000,whichever is the lower, and the amount of such remission shall be determined by the Comptroller.