Singapore legislation

Clause 16

of Income Tax (Amendment) Bill

Clause 16

Amendment of section 22

The principal Act is amended by renumbering section 22 as subsection (1) of that section, and by inserting immediately thereafter the following subsection:“(2) Expenditure on the provision of machinery or plant excludes any option premium paid under an option agreement entered into for the purpose of hedging against the cost of the acquisition of such machinery or plant.”.

Clause 16 — Income Tax (Amendment) Bill | laws.sg