Singapore legislation

Clause 9

Amendment of section 13J

Section 13J of the principal Act is amended —

(a)

by deleting the words “on or after 1st June 2000” in subsection (1) and substituting the words “during the period from 1st June 2000 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)”;

(c)

by deleting the words “on or after 1st April 2001” in subsection (6)(a) and substituting the words “during the period from 1st April 2001 to 31st December 2013 (both dates inclusive)”;

(d)

by deleting the words “on or after 1st January 2002” in subsection (6)(b) and substituting the words “during the period from 1st January 2002 to 31st December 2013 (both dates inclusive)”; and

(e)

by inserting, immediately after subsection (9), the following subsection:“(9A) 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 →