Singapore legislation

Clause 37

of Income Tax (Amendment No. 3) Bill

Clause 37

Amendment of section 43P

Section 43P of the principal Act is amended —

(a)

by inserting, immediately after the words “qualifying structured commodity financing activities” in subsection (1)(b), the words “, treasury activities or advisory services in relation to mergers and acquisitions”; and

(b)

by inserting, immediately after the words “qualifying structured commodity financing activities” in the definition of “qualifying company” in subsection (3), the words “, treasury activities or advisory services in relation to mergers and acquisitions”.