DraftAs enacted

Contents

Finance (Income Taxes) Bill · As enacted · Part 1 · Amendment of Income Tax Act 1947

3. Amendment of section 10

(1)

In the ITA, in section 10(4)(a) —

(a)

after “within the meaning of section 13A”, insert “, by an approved international shipping enterprise within the meaning of section 13E,”; and

(b)

replace “or 13P” with “, 13E or 13P”.

(2)

The amendments in subsection (1) apply for the year of assessment 2027 and each subsequent year of assessment.

Report

Part 2

Amendment of Multinational Enterprise (Minimum Tax) Act 2024

Part 3

Part 4

Part 5

Part 6