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Part 1 · Amendment of Income Tax Act 1947

4. Amendment of section 13

(1)

In the ITA, in section 13 —

(a)

in subsection (1)(zb), after “Early Childhood Development Centres Act 2017”, insert “or an early childhood development centre operated by or on behalf of the Government”;

(b)

in subsection (1)(zj)(ii)(B) and (iii)(B), replace “31 December 2026” with “31 December 2031”;

(c)

in subsection (1)(zj)(ii)(B)(BA) and (BB) and (iii)(B)(BA) and (BB), replace “1 January 2027” with “1 January 2032”;

(d)

in subsection (1), after paragraph (zr), insert —“(zra)any contribution to the Central Provident Fund in respect of an individual, and any cash payment to an individual, made on or after 1 May 2025 by the Government under the ComLink+ Package for Employment that is part of the public scheme known as the ComLink+ Progress Packages;”;

(e)

in subsection (16), after the definition of “deposit”, insert —“ “early childhood development centre” has the meaning given by section 2 of the Early Childhood Development Centres Act 2017;”; and

(f)

in subsection (16), after the definition of “national serviceman”, insert —“ “operate”, in relation to an early childhood development centre, has the meaning given by section 2 of the Early Childhood Development Centres Act 2017;”.

(2)

The amendments in subsection (1)(a), (e) and (f) 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

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