Singapore legislation

Clause 41

of Income Tax (Amendment) Bill

Clause 41

Amendment of section 45A

In the principal Act, in section 45A —

(a)

in subsections (2), (2A) and (2B)(a), replace “2023” with “2028”;

(b)

in subsection (2B)(a) and (b), replace “prepayment fee, redemption premium or break cost” with “early redemption fee or redemption premium”; and

(c)

in subsection (3), replace the definitions of “break cost”, “prepayment fee”, “qualifying debt securities”, “qualifying project debt securities” and “redemption premium” with —“ “early redemption fee”, “qualifying debt securities”, “qualifying project debt securities” and “redemption premium” have the meanings given by section 13(16);”.