Singapore legislation
Clause 53
Clause 53
Remission of tax for year of assessment 2015
There is remitted the tax payable for the year of assessment 2015 by an individual resident in Singapore an amount equal to —
(a)
50% of the tax payable by that individual for that year of assessment; or
(b)
$1,000,whichever is the lower; and the amount of such remission is to be determined by the Comptroller.