Singapore legislation

Clause 37

of Income Tax (Amendment) Bill

Clause 37

Amendment of section 37C

Section 37C of the principal Act is amended —

(a)

by deleting the words “the date of commencement of the Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2004 (Act 11 of 2004)” in subsection (15)(b) and substituting the words “28th April 2004”; and

(b)

by deleting the words “the date of commencement of the Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2004” in paragraphs (a), (b), (c) and (d) of the definition of “ “claimant company” or “transferor company” ” in subsection (19) and substituting in each case the words “28th April 2004”.