Singapore legislation
Clause 37
Clause 37
Amendment of section 45
Section 45 of the principal Act is amended —
(a)
by deleting “2018” in subsection (9)(a) and substituting “2023”;
(b)
by deleting the words “1st November 2006 to 31st March 2017” in subsection (9)(b) and substituting the words “1 November 2006 to 31 December 2022”; and
(c)
by inserting, immediately after subsection (10), the following subsection:“(11) To avoid doubt, in this section, “interest” includes the part of any payment liable to be made by a lessee to a lessor under a finance lease of any machinery or plant treated as sold by the lessor to the lessee pursuant to regulations made under section 10D(1), that is income of the lessor under section 10D(2A).”.