Clause 51
Amendment of section 45C
of Income Tax (Amendment) Bill
BillNot in forceProvision 51 of 73
Clause 51
Section 45C of the principal Act is amended by inserting, immediately after subsection (2), the following subsection:“(3) Subsection (1) shall not apply to any distribution made on or after 1st January 2015 by a unit trust to a branch in Singapore of a company incorporated outside Singapore and not known to the trustee of the unit trust to be resident in Singapore.”.