Singapore legislation

Clause 21

of Income Tax (Amendment No. 3) Bill

Clause 21

Amendment of section 37E

Section 37E(17) of the principal Act is amended —

(a)

by deleting the word “or” at the end of paragraph (a) of the definition of “concessionary rate of tax”; and

(b)

by deleting paragraph (b) of the definition of “concessionary rate of tax” and substituting the following paragraphs:“(b)section 43A, 43C (in respect of those relating to offshore general insurance business only), 43D (repealed), 43E, 43F (repealed), 43G, 43H (repealed), 43I, 43J, 43K (repealed), 43L (repealed), 43N, 43P, 43Q, 43R, 43S (repealed), 43T (repealed), 43U, 43V (repealed), 43W, 43X, 43Y, 43Z, 43ZA, 43ZB, 43ZC, 43ZD, 43ZE, 43ZF, 43ZG or 43ZH, or the regulations made under any of them, as the case may be; or

(c)

section 19J(5C) or (5E) or 19KA(1)(b) (as the case may be) of the Economic Expansion Incentives (Relief from Income Tax) Act.”.