Singapore legislation
Clause 5
Clause 5
Amendment of section 13C
Section 13C of the principal Act is amended by deleting subsection (2) and substituting the following subsection:“(2) The Minister may by regulations —
(a)
make such transitional and savings provisions as he may consider necessary or expedient in relation to the repeal of section 13C in force immediately before 1st September 2007;
(b)
provide for the determination of the amount of income of the trustee of any prescribed trust fund to be exempt from tax; and
(c)
make provision generally for giving full effect to or for carrying out the purposes of this section.”.