Singapore legislation

Clause 10

Amendment of section 13L

Section 13L of the principal Act is amended —

(a)

by deleting the words “on or after 1st April 2001” in subsection (1) and substituting the words “during the period from 1st April 2001 to 31st December 2013 (both dates inclusive)”;

(b)

by deleting the words “on or after 1st January 2002” in subsection (1) and substituting the words “during the period from 1st January 2002 to 31st December 2013 (both dates inclusive)”; and

(c)

by inserting, immediately after subsection (3), the following subsection:“(3A) Notwithstanding anything in this section, the exemption under this section shall not apply to any gains or profits derived by a qualifying employee on or after 1st January 2024.”.

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