Schedule 5

in subsection (1), after the definition of “goods”, insert —“ “Group A worker” and “Group B worker” have the meanings given in the Fourth Schedule to the Central Provident Fund Act 1953;”;

in subsection (1), after the definition of “plantation”, insert —“ “platform operator” and “platform worker” have the meanings given respectively by sections 4 and 5(1) of the Platform Workers Act 2024;”; and

after subsection (4), insert —“(5) To avoid doubt, nothing prevents a person, by reason only of being a platform worker, a Group A worker or a Group B worker, from being regarded in this Act as —

a person who carries on or exercises a trade, business, profession or vocation;

a self‑employed person; or

a self‑employed individual.”.Amendment of section 10B2.—

In the ITA, in section 10B, in the section heading, after “etc.,”, insert “from employer”.(2) This paragraph has effect for the year of assessment 2026 and subsequent years of assessment.New section 10BA3.—

In the ITA, after section 10B, insert —“Voluntary contributions by platform operator deemed to be income10BA. Despite section 13(1)(j) but subject to section 13(1)(jd), where in any year, contributions have been made by a platform operator to the Central Provident Fund account of any platform worker under section 8A of the Central Provident Fund Act 1953, any part of such contribution, which is not obligatory under that Act, is deemed to be income accruing to the platform worker for the year in which the contributions are paid.”.(2) This paragraph has effect for the year of assessment 2026 and subsequent years of assessment.Amendment of section 134.—

In the ITA, in section 13(1) —

after paragraph (jb), insert —“(jc)any cash payment made on behalf of the Government to a Group A worker under a public scheme, known as the Platform Workers CPF Transition Support Scheme;”; and

after paragraph (m), insert —“(ma)the income of any platform work association registered under Part 3 of the Platform Workers Act 2024 which is not derived from a trade or business carried on by the platform work association;”.(2) This paragraph (except sub‑paragraph (1)(b)) has effect for the year of assessment 2026 and subsequent years of assessment.Amendment of section 145.—

In the ITA, in section 14(1), after paragraph (e), insert —“(f)any sum contributed by a platform operator to the Central Provident Fund account of any platform worker engaged in activities relating to the production of the income of the platform operator, the contribution of which sum by the platform operator was obligatory under section 8A(1) of the Central Provident Fund Act 1953;”.(2) This paragraph has effect for the year of assessment 2026 and subsequent years of assessment.Amendment of section 156.—

In the ITA, in section 15(1)(i) —

after sub‑paragraph (ii), insert —“(iia)such payment made by a platform operator on behalf of a platform worker of the platform operator that is obligatory under section 8A(1) of the Central Provident Fund Act 1953;

in sub‑paragraph (iv), after “14(1)(e),”, insert “(f),”.(2) This paragraph has effect for the year of assessment 2026 and subsequent years of assessment.Amendment of section 397.—

In the ITA, in section 39 —

in subsection (2)(g), in the paragraph heading, after “society”, insert “for year of assessment 2025 or before”;

in subsection (2)(g), after “a deduction”, insert “for the year of assessment 2025 or an earlier year of assessment”;

in subsection (2), after paragraph (g), insert —“Deduction for life insurance and contributions to approved pension, provident fund or society for year of assessment 2026 or after(ga)has —

made insurance on the individual’s life or, in the case of a male individual, on the life of the individual’s wife with any insurance company;

made obligatory contributions to the Central Provident Fund as an employee or a Group A worker or by reason of any contract of employment;

made contributions to any other approved pension or provident fund or society as an employee which are obligatory by reason of any contract of employment or of any provision in the rules or constitution of the fund or society; or

made any contribution or suffered any abatement from the individual’s salary or pension under any Act for the time being in force in Singapore relating to widows’ and orphans’ pensions or under any approved scheme within the meaning of any such Act,subject to subsections (6) to (10B), there is allowed for the year of assessment 2026 or a subsequent year of assessment a deduction of the sum of all premiums for such insurance and all such contributions and abatements paid, made or suffered by the individual in that year;”;

in subsection (2)(h), in the paragraph heading, after “self‑employed”, insert “for year of assessment 2025 or before”;

in subsection (2)(h), replace “2017 or a subsequent year of assessment” wherever it appears with “2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024 or 2025”;

in subsection (2)(h), replace sub‑paragraph (i) with —“(i)where —

the sum of contributions to the Central Provident Fund or any other approved pension or provident fund or society under paragraph (g) and this paragraph exceeds $5,000 — no deduction is allowed under paragraph (g) in respect of premiums for life insurance; or

the sum mentioned in sub‑paragraph (A) does not exceed $5,000 — then the total deductions allowable under paragraph (g) and this paragraph must not exceed $5,000;”;

in subsection (2), after paragraph (h), insert —“Deduction for CPF contributions by self‑employed for year of assessment 2026 or after(ha)has carried on a trade, business, profession or vocation and has made contributions to the Central Provident Fund, whether or not obligatory, then subject to subsection (10B), there is to be allowed for the year of assessment 2026 or a subsequent year of assessment a deduction in respect of such contributions (excluding obligatory contributions on his or her income derived as a Group A worker) of an amount not exceeding the lower of —

37%, or such other rate as may be prescribed, of the amount of his or her income derived in the basis period for that year of assessment from his or her trade, business, profession or vocation on which contributions were obligatory under the Central Provident Fund Act 1953 (excluding any income on which contributions are obligatory as a Group A worker); or

$37,740, or such other amount as may be prescribed.Additional deduction for voluntary CPF contributions for Group A worker for years of assessment 2026 to 2029(hb)has derived income as a Group A worker and has made voluntary contributions to the Central Provident Fund, there is to be allowed for each year of assessment 2026, 2027, 2028 and 2029, in addition to deductions allowed under sub‑paragraphs (ga) and (ha), an additional deduction (not exceeding the prescribed transitional amount) for such voluntary contributions (except any voluntary contribution which is intended to be paid to the individual’s medisave account only) which have not been allowed a deduction under sub‑paragraph (ha);”;

in subsection (3A), after “employer”, insert “or platform operator”;

in subsection (10), after “(2)(g)”, insert “and (ga)”; and

after subsection (10), insert —“(10A) For the purposes of subsection (2)(ga) —

in relation to insurance mentioned in subsection (2)(ga)(i) —

the amount to be deducted in respect of any policy securing a capital sum on death (whether in conjunction with any other benefit or not) must not exceed 7% of that capital sum, which is exclusive of any additional benefit by way of bonus, profits or otherwise;

no deduction is allowed unless the insurance company has an office or a branch in Singapore, but this sub‑paragraph does not apply to any insurance contract entered into by an individual resident in Singapore before 10 August 1973;

the deductions exclude any sum which has been claimed and allowed to a husband or wife of the individual under subsection (2)(ga); and

no deduction is allowed where the premiums for the insurance are paid with funds standing in the individual’s SRS account;

the total deductions allowable under subsection (2)(ga) must not exceed $5,000, except that where the sum of the contributions mentioned in sub‑paragraphs (i) and (ii) exceeds $5,000, then the deduction allowed under subsection (2)(ga) must be that sum:

contributions to the Central Provident Fund mentioned in subsection (2)(ga)(ii), subject to subsections (6) to (10);

contributions to any other approved pension or provident fund mentioned in subsection (2)(ga)(iii), subject to subsections (6) to (9); (c)the total deduction in relation to obligatory contributions to the Central Provident Fund as an employee by reason of any contract of employment mentioned in subsection (2)(ga)(ii) and contributions mentioned in subsection (2)(ga)(iii) must not exceed the contributions which would have been recoverable under section 7(2) of the Central Provident Fund Act 1953 had contributions been payable in respect of the individual under section 7(2) of that Act to the Central Provident Fund; and

no deduction is allowed in respect of any sum contributed to the Central Provident Fund for any period on or after 1 January 1999 by an employee who holds a professional visit pass or a work pass.(10B) For the purposes of subsection (2)(ga) and (ha) —

where —

the sum of contributions to any approved pension or provident fund or society under subsection (2)(ga) and (ha) exceeds $5,000 — no deduction is allowed under subsection (2)(ga) in respect of premiums for life insurance; or

the sum mentioned in sub‑paragraph (i) does not exceed $5,000 — then the total deductions allowable under subsection (2)(ga) and (ha) must not exceed $5,000;

where the deduction allowed under subsection (2)(ga) is less than $37,740 or such other amount as may be prescribed — the total deductions allowable under subsection (2)(ga) and (ha) in respect of contributions to the Central Provident Fund or any other approved pension or provident fund or society must not exceed $37,740 or such other amount as may be prescribed;

where a deduction of not less than $37,740 or such other amount as may be prescribed has been allowed under subsection (2)(ga) in respect of contributions to the Central Provident Fund or any other approved pension or provident fund or society — no deduction is allowed under subsection (2)(ha); and

where the total deductions allowable under subsection (2)(ha) (in respect of contributions which are obligatory under the Central Provident Fund Act 1953) and under subsection (2)(ga) (in respect of contributions to the Central Provident Fund or any other approved pension or provident fund or society) exceed $37,740 or such other amount as may be prescribed — paragraphs (b) and (c) do not apply to such contributions in excess of $37,740, or such other amount as may be prescribed, allowable under subsection (2)(ha).”.(2) Sub‑paragraph (1) (except sub‑paragraph (f)) has effect for the year of assessment 2026 and subsequent years of assessment.(3) Sub‑paragraph (1)(f) is deemed to have effect for the years of assessment 2023, 2024 and 2025.Amendment of section 45G8. In the ITA, in section 45G(1)(b)(iv), after “Co‑operative Societies Act 1979”, insert “, a platform work association registered under Part 3 of the Platform Workers Act 2024”.