Clause 46
Remission of tax for year of assessment 2019
of Income Tax (Amendment) Bill
BillNot in forceProvision 46 of 48
Clause 46
(1)
There is to be remitted the tax payable for the year of assessment 2019 by an individual resident in Singapore an amount equal to the lower of the following:
(a)
50% of the tax payable by that individual for that year of assessment;
(b)
$200.
(2)
The amount of such remission is to be determined by the Comptroller.