Singapore legislation
Clause 31
Clause 31
Consequential amendment to Income Tax Act 1947
Section 43N(4) of the Income Tax Act 1947 is amended by deleting the words “Local Treasury Bills Act (Cap. 167) or” in the definition of “Singapore Government securities” and substituting the words “Local Treasury Bills Act 1923, the Significant Infrastructure Government Loan Act 2021 or by the Government under”.