Singapore legislation

Clause 13

Amendment of section 13S

Section 13S of the principal Act is amended —

(a)

by inserting, immediately after subsection (1D), the following subsection:“(1DA) Subsection (1)(ca) and (cc) also does not apply to any income derived by an approved shipping investment enterprise as part of a business of trading in sea-going ships or constructing sea-going ships for sale.”;

(b)

by inserting, immediately after the words “approved shipping investment enterprise” in subsection (1F)(a), the words “derived before 12 December 2018”;

(c)

by deleting the words “from carrying on” in subsection (1F)(b) and substituting the words “that is derived as part of”;

(d)

by deleting the words “1st March 2006 and 31st May 2021” in subsection (2) and substituting the words “1 March 2006 and 31 December 2026”; and

(e)

by deleting the words “1st March 2011 and 31st May 2021” in subsection (3)(b) and substituting the words “1 March 2011 and 31 December 2026”.

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