Singapore legislation

Section 92F

of Income Tax Act 1947

Section 92F

Remission of tax of companies for year of assessment 2017

Amended by39/2017

Where the Comptroller is satisfied that the remission of tax would be beneficial to a company, then there is to be remitted the tax payable for the year of assessment 2017 by the company of an amount equal to the lower of the following:

(a)

50% of the tax payable for that year of assessment (excluding any tax levied and paid or payable pursuant to section 43(3), (3A) and (3B));

(b)

$25,000.

Read in full context — Income Tax Act 1947 →