Clause 13
Repeal and re-enactment of section 13C
of Income Tax (Amendment) Bill
BillNot in forceProvision 13 of 65
Clause 13
Section 13C of the principal Act is repealed and the following section substituted therefor:“Exemption of income of non-resident arising from funds managed by fund manager in Singapore13C. There shall be exempt from tax such income as the Minister may by regulations prescribe of a person not resident in Singapore arising from funds managed by any fund manager in Singapore.”.