Finance (Income Taxes) Bill · As enacted · Part 1 · Amendment of Income Tax Act 1947
4. Amendment of section 13
Official textFrom Singapore Statutes Online, unchanged
In the ITA, in section 13 —
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”;
in subsection (1)(zj)(ii)(B) and (iii)(B), replace “31 December 2026” with “31 December 2031”;
in subsection (1)(zj)(ii)(B)(BA) and (BB) and (iii)(B)(BA) and (BB), replace “1 January 2027” with “1 January 2032”;
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;”;
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
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;”.
The amendments in subsection (1)(a), (e) and (f) apply 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