Singapore legislation
Clause 22
Clause 22
Amendment of section 37
Section 37 of the principal Act is amended by deleting subsection (3A) and substituting the following subsection:“(3A) For the purpose of subsection (3), a reference to “twice the value” or “twice the amount” in subsection (3)(b) to (f) is to be read as a reference to —
in the case of a donation made during either of the following periods:
from 1 January 2009 to 31 December 2014 (both dates inclusive);
from 1 January 2016 to 31 December 2018 (both dates inclusive),2.5 times the value or 2.5 times the amount, as the case may be; or
in the case of a donation made during the period from 1 January 2015 to 31 December 2015 (both dates inclusive), 3 times the value or 3 times the amount, as the case may be.”.