Singapore legislation

Clause 41

of Goods and Services Tax (Amendment) Bill

Clause 41

Consequential amendment to Income Tax Act

Section 15(1) of the Income Tax Act (Cap. 134) is amended by inserting, immediately after the words “that Act” in paragraph (m), the words “, but not any amount of output tax paid or payable on a reverse charge supply under section 14(2) of that Act, to the extent that credit of such amount as input tax is not allowed under that Act”.