Singapore legislation

Clause 53

Related amendments to Economic Expansion Incentives (Relief from Income Tax) Act

Section 97M of the Economic Expansion Incentives (Relief from Income Tax) Act (Cap. 86) is amended —

(a)

by inserting, at the end of paragraph (b)(i), the word “and”;

(b)

by deleting the word “and” at the end of paragraph (b)(ii);

(c)

by deleting sub-paragraph (iii) of paragraph (b);

(d)

by deleting the words “or has unabsorbed donation” in paragraph (f);

(e)

by deleting the words “or donation” wherever they appear in paragraph (f);

(f)

by deleting the word “donations,” wherever it appears in paragraph (g); and

(g)

by deleting the words “allowances, losses and donations” in paragraph (h) and substituting the words “allowances and losses”.