Singapore legislation
Clause 51
Clause 51
Remission of tax for year of assessment 2013
(1)
There shall be remitted the tax payable for the year of assessment 2013 by an individual resident in Singapore an amount equal to —
(a)
where he was below 60 years of age as at 31st December 2012, the lower of the following:
(i)
30% of the tax payable by that individual for that year of assessment;
(ii)
$1,500; or
(b)
where he was 60 years of age and above as at 31st December 2012, the lower of the following:
(i)
50% of the tax payable by that individual for that year of assessment;
(ii)
$1,500.
(2)
The amount of such remission shall be determined by the Comptroller.