Singapore legislation

Clause 39

Amendment of section 37F

Section 37F of the principal Act is amended by inserting, immediately after subsection (1), the following subsection:“(1AA) No transfer may be made under subsection (1) of —

(a)

any allowance made to the individual for the year of assessment 2016 or a subsequent year of assessment; or

(b)

any loss incurred by the individual in the basis period for the year of assessment 2016 or a subsequent year of assessment.”.

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