Singapore legislation

Clause 18

Amendment of section 14

Section 14(1) of the principal Act is amended by deleting paragraph (i) of the proviso to paragraph (e) and substituting the following paragraph:“(i)a deduction in respect of any such contribution by an employer in respect of an employee for any period —

(A)

commencing on or after 1st September 2010 shall not exceed 15%;

(B)

commencing on or after 1st March 2011 shall not exceed 15½%;

(C)

commencing on or after 1st September 2011 shall not exceed 16%;

(D)

commencing on or after 1st January 2015 shall not exceed 17%,of the remuneration paid by the employer to the employee for that period, and “remuneration” in this proviso means that part of an employee’s emoluments by reference to which his employer’s contributions are calculated;”.

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