Singapore legislation

Clause 32

of Income Tax (Amendment) Bill

Clause 32

Amendment of section 43ZF

Section 43ZF(8) of the principal Act is amended —

(a)

by deleting the words “such as” in paragraph (a) of the definition of “corporate service” and substituting the word “excluding”;

(b)

by deleting paragraph (e) of the definition of “corporate service”; (c)by deleting the words “(such as intellectual property management, risk management, internal audit, budgeting and forecasting)” in paragraph (f) of the definition of “corporate service” and substituting the words “(such as risk management, internal audit, budgeting and forecasting, but excluding intellectual property management)”; and

(d)

by inserting, immediately after the word “technology” in paragraph (l) of the definition of “corporate service”, the word “support”.