Singapore legislation
Clause 51
Clause 51
Miscellaneous amendments to define “ship”
(1)
Section 12 of the principal Act is amended by inserting, immediately after subsection (2A), the following subsection:“(2B) In subsections (2) and (2A), “ship” has the same meaning as in section 2(1) of the Merchant Shipping Act (Cap. 179).”.
(2)
Section 27(6) of the principal Act is amended by inserting, immediately after the words “a ship”, the words “(within the meaning of section 2(1) of the Merchant Shipping Act)”.
(3)
Section 45A(3) of the principal Act is amended by deleting the full‑stop at the end of the definition of “Islamic debt securities” and substituting a semi‑colon, and by inserting immediately thereafter the following definition:“ “ship” has the same meaning as in section 2(1) of the Merchant Shipping Act.”.
(4)
Section 53(7) of the principal Act is amended by inserting, immediately after the word “ship”, the words “(within the meaning of section 2(1) of the Merchant Shipping Act)”.
(5)
Section 89 of the principal Act is amended by inserting, immediately after subsection (7), the following subsection:“(8) In subsections (6) and (7), “ship” has the same meaning as in section 2(1) of the Merchant Shipping Act.”.
(6)
Subsections (1) and (3) apply only in relation to income that accrues or is derived on or after the date the Income Tax (Amendment) Act 2016 is published in the Gazette.