Singapore legislation

Clause 51

Amendment of section 105M

Section 105M of the principal Act is amended by deleting subsection (1) and substituting the following subsections:“(1) Any person who, without reasonable excuse, fails or neglects to comply with —

(a)

section 105L(1); or

(b)

any regulation made under section 105P that requires the person to apply to the Comptroller for registration or report any information to the Comptroller,shall be guilty of an offence.(1A) Any person who is convicted of an offence under subsection (1) shall be liable —

(a)

to a fine not exceeding $5,000 and in default of payment to imprisonment not exceeding 6 months; and

(b)

in the case of a continuing offence, to a further fine not exceeding $100 for every day or part of a day during which the offence continues after conviction.(1B) Any person who, without reasonable excuse, fails or neglects to comply with any requirement imposed by regulations made under section 105P, other than a requirement mentioned in subsection (1)(b), shall be guilty of an offence and shall be liable on conviction —

(a)

to a fine not exceeding $1,000 and in default of payment to imprisonment not exceeding 6 months; and

(b)

in the case of a continuing offence, to a further fine not exceeding $50 for every day or part of a day during which the offence continues after conviction.”.

Read in full context — Income Tax (Amendment) Bill →