Singapore legislation

Clause 7

of Income Tax (Amendment) Bill

Clause 7

Amendment of section 12

Section 12 of the principal Act is amended —

(a)

by deleting the word “and” at the end of subsection (7A)(a);

(b)

by deleting the full-stop at the end of paragraph (b) of subsection (7A) and substituting the word “; and”, and by inserting immediately thereafter the following paragraph:“(c)the use of or the right to use software, information or digitised goods, not being a right to commercially exploit in one form or another the copyright in such software, information or digitised goods such as the right to —

(i)

reproduce, modify or adapt, and distribute the software, information or digitised goods; or

(ii)

prepare a derivative work based on the software, information or digitised goods for distribution.”; and

(c)

by inserting, immediately after subsection (7A), the following subsection:“(7B) In subsection (7A)(c) —“digitised goods” means text, images or sounds that are transferred through a handphone, fixed-line phone, cable network, satellite, the Internet or other forms of electronic transmission, but does not include software;“information” means —

(a)

any information in any newspaper or magazine article or report, including financial and business data (such as foreign exchange, stock and property data), and other proprietary data; and

(b)

any information obtained solely for research purposes.”.

Clause 7 — Income Tax (Amendment) Bill | laws.sg