Singapore legislation

Clause 15

of Income Tax (Amendment) Bill

Clause 15

Amendment of section 44

Section 44 of the principal Act is amended by inserting, immediately after the word “company” in the eighth line of subsection (3) thereof, the words “(excluding tax payable at the rate of ten per cent or such other concessionary rate as may be prescribed under section 43A or 43C of this Act)”.