Singapore legislation
Clause 34
Clause 34
Amendment of Fifth Schedule
In the principal Act, in the Fifth Schedule —
in paragraph 3A, after “subsequent year of assessment”, insert “up to the year of assessment 2024”; and
after paragraph 3A, insert —“3B. For the year of assessment 2025 and any subsequent year of assessment, no deduction is allowed in respect of any child —
who is not incapacitated by reason of physical or mental infirmity; and
who meets either or both of the following:
his or her income (excluding income to which the child is entitled as the holder of a scholarship, bursary or similar educational endowment) for the year immediately preceding the year of assessment exceeded $8,000;
he or she was engaged in any employment, other than under articles or indentures, or carried on or exercised a trade, business, profession or vocation, during the year immediately preceding the year of assessment.”.