Clause 41
Amendment of section 43N
of Income Tax (Amendment) Bill
BillNot in forceProvision 41 of 72
Clause 41
Section 43N(4) of the principal Act is amended by inserting, immediately after the words “any other written law” in the definition of “Singapore Government securities”, the words “, and shall be deemed to include any issue of bills and notes by the Monetary Authority of Singapore that are approved by the Minister for the purposes of this Act”.