Singapore legislation

Clause 14

of Income Tax (Amendment) Bill

Clause 14

Amendment of section 35

Section 35 of the principal Act is amended —

(a)

by inserting, immediately after the words “designated unit trust” in subsections (7A) and (7B), the words “or any approved CPF unit trust”; and

(b)

by inserting, immediately before the definition of “designated” in subsection (7C), the following definition: “ “approved CPF unit trust” means any unit trust scheme approved for the purposes of any investment scheme under the Central Provident Fund Act (Cap. 36);”.