Clause 36
Remission of tax for year of assessment 2024
of Income Tax (Amendment) Bill
BillNot in forceProvision 36 of 37
Clause 36
(1)
There is to be remitted the tax payable for the year of assessment 2024 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.