Singapore legislation

Clause 33

Amendment of section 43N

Section 43N of the principal Act is amended —

(a)

by deleting “2018” in the following provisions and substituting in each case “2023”:Subsections (1)(aa)(ii), (ab) and (ac), (2)(a), (b)(ii), (c) and (d) and (3)(b);

(b)

by inserting, immediately after subsection (2A), the following subsection:“(2B) Subsection (1) does not apply to income derived by a financial sector incentive (capital market) company from qualifying debt securities on or after 1 January 2014.”; and

(c)

by inserting, immediately after the definition of “debt securities” in subsection (4), the following definition:“ “financial sector incentive (capital market) company” means a company approved as such under section 43Q;”.

Read in full context — Income Tax (Amendment) Bill →