Singapore legislation
Clause 16
Clause 16
Amendment of section 14DA
Section 14DA(1) of the principal Act is amended —
(a)
by deleting “50%” in the formula and substituting “A%”;
(b)
by deleting the word “and” at the end of the definition of “U”; and
(c)
by deleting the full‑stop at the end of the definition of “V” and substituting the word “; and”, and by inserting immediately thereafter the following definition:“A is —
(a)
for a year of assessment between the years of assessment 2009 and 2018 (both years inclusive) — 50%; or
(b)
for a year of assessment between the years of assessment 2019 and 2025 (both years inclusive) — 150%.”.