Clause 67
Amendment of section 34
of Finance (Income Taxes) Bill
BillNot in forceProvision 66 of 72
Clause 67
In the MMTA, in section 34 —
(a)
after subsection (1), insert —“(1A) In subsection (1), a constituent entity excludes a securitisation entity unless it is the only constituent entity of the MNE group located in Singapore.”; and
(b)
after subsection (3), insert —“(3A) In subsection (3), a constituent entity excludes a securitisation entity unless it is the only constituent entity of the MNE group located in Singapore.”.