Singapore legislation

Clause 58

of Income Tax (Amendment) Bill

Clause 58

Amendment of section 95

Section 95 of the principal Act is amended by inserting, immediately after subsection (3), the following subsection:“(3A) In this section, a reference to the amount of PIC bonus that has been obtained by a person as a result of an incorrect return or information, or that would have been so obtained if the return or information had been accepted as correct, excludes an amount of PIC bonus that the person is entitled to.”.