Singapore legislation

Clause 15

of Income Tax (Amendment) Bill

Clause 15

Amendment of section 13V

Section 13V(15) of the principal Act is amended —

(a)

by deleting the definitions of “ “client”, “foreign law firm”, “Formal Law Alliance”, “Joint Law Venture”, “law corporation”, “law firm” and “limited liability law partnership” ” and substituting the following definitions:“ “client”, “foreign law practice”, “Formal Law Alliance”, “Joint Law Venture”, “law corporation” and “Singapore law practice” have the same meanings as in the Legal Profession Act (Cap. 161);”; and

(b)

by deleting the definition of “law practice” and substituting the following definition:“ “law practice” means a Singapore law practice, foreign law practice, Formal Law Alliance or Joint Law Venture;”.