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DraftAs enacted
Contents

Part 1 · Amendment of Income Tax Act 1947

14. Amendment of section 15

(1)

In the ITA, in section 15 —

(a)

in subsection (1)(i), after sub‑paragraph (iic), insert —“(iid)such payment made on or after 1 January 2026 by a platform operator on behalf of a platform worker of the platform operator that is directed to be paid to the medisave account of that platform worker in accordance with section 13B of the Central Provident Fund Act 1953;”; and

(b)

in subsection (2), replace “or 14U” with “, 14U or 14ZK”.

(2)

The amendment in subsection (1)(a) applies for the year of assessment 2027 and each subsequent year of assessment.

Part 2

Amendment of Multinational Enterprise (Minimum Tax) Act 2024

Part 3

Related Amendments to Goods and Services Tax Act 1993

Part 4

Related Amendments to Property Tax Act 1960

Part 5

Amendment of Economic Expansion Incentives (Relief from Income Tax) Act 1967

Part 6

Saving and Transitional Provisions

Schedules