Singapore legislation

Clause 32

of Income Tax (Amendment) Bill

Clause 32

Amendment of section 43E

Section 43E(5) of the principal Act is amended —

(a)

by deleting the words “its issued capital is” in paragraph (a) and substituting the words “the total number of its issued shares are”;

(b)

by deleting the words “issued capital” in paragraph (b) and substituting the words “total number of the issued shares”; and

(c)

by deleting the word “is” in paragraph (b) and substituting the word “are”.

Clause 32 — Income Tax (Amendment) Bill | laws.sg