Singapore legislation
Clause 43
Clause 43
Amendment of section 43I
Section 43I(4) of the principal Act is amended —
(a)
by deleting the word “to —” in the 8th line and substituting the words “to income of a company subject to tax at a lower rate of tax or income of the company subject to tax at a lower rate of tax, as the case may be, shall be read as a reference to such part of the income of the leasing company as is subject to tax at the concessionary rate of tax under this section.”; and
(b)
by deleting paragraphs (a) and (b).