Singapore legislation

Clause 49

of Income Tax (Amendment No. 3) Bill

Clause 49

Amendment of section 71

Section 71 of the principal Act is amended by inserting, immediately after subsection (3), the following subsection:“(3A) The Minister may, by rules made under section 7, exempt any person or class of persons from subsection (3), subject to such conditions as may be specified in the rules.”.