Singapore legislation

Clause 31

of Significant Infrastructure Government Loan Bill

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”.