Singapore legislation

Clause 24

of Finance (Income Taxes) Bill

Clause 24

Amendment of section 34CA

In the ITA, in section 34CA —

(a)

in subsection (1)(c), after “after date A”, insert “(or such other period as may be allowed under subsection (1A))”;

(b)

after subsection (1), insert —“(1A) The Minister or Comptroller may, in a particular case, extend the period of 12 months before or after date A that date B must fall.”; and

(c)

in subsection (3)(d), after “prescribed date”, insert “or such later date as the Minister or Comptroller may allow in a particular case”.