Income Tax (Amendment) Bill

by deleting the word “and” at the end of sub-paragraph (i)(D) of the proviso;

by deleting the words “shall not exceed 22%,” in sub-paragraph (i)(E) of the proviso and substituting the words “and before 1st July 1983 shall not exceed 22%;”; and

by inserting, immediately after sub-paragraph (i)(E) of the proviso, the following sub-paragraphs:“(F)commencing on or after 1st July 1983 and before 1st July 1984 shall not exceed 23%; and

commencing on or after 1st July 1984 shall not exceed 25%,”.

by deleting the words “on or after 1st January 1984” in subsection (1) and substituting the words “during or after the basis period for the year of assessment 1985”;

by deleting the word “office” wherever it appears in subsections (1A) and (1B);

by deleting “1984” in subsections (1A) and (1B) and substituting “1985”;

by inserting, immediately before the definition of “computer” in subsection (4)(a), the following definition:“ “automation equipment” means any machinery or plant designed for the automation of functions or services in any office or factory;”; and

by deleting the definition of “office automation equipment” in subsection (4)(a).

by deleting the full-stop at the end of paragraph (g) of subsection (2) and substituting a semicolon, and by inserting immediately thereafter the following paragraph:“(h)had undertaken any course of study for the purpose of gaining an approved academic or professional qualification or such other approved course as is related to his trade, business, profession, vocation or employment, there shall be allowed a deduction of the amount incurred by him in that year on the fees (including examination and tuition fees) for the course, subject to a maximum deduction of $2,000; but no deduction shall be allowed under this paragraph in respect of any sum which has been allowed under section 14.”; and

by inserting, immediately after subsection (2), the following subsection:“(3) For the purposes of subsection (2)(h), “approved” means approved by the Minister or such other person as he may appoint.”.

To such extent as the Minister may by regulations prescribe, tax credit under section 50 shall, subject to those regulations, be given to any person resident in Singapore for tax payable under the law of any territory outside Singapore in respect of any income (including income from employment) derived by him from such professional, consultancy and other services as may be so prescribed notwithstanding that there are no arrangements for the time being in force under section 49 with the government of that territory.(2) The Minister may in any regulations under subsection (1) specify the territories in respect of which those regulations shall have effect; and section 50 shall, with the necessary modifications and subject to those regulations, apply for the purposes of that subsection as if any territory to which those regulations have effect were a territory with which arrangements have been made under section 49.”.