Singapore legislation

Clause 28

of Income Tax (Amendment No. 3) Bill

Clause 28

Amendment of section 40D

Section 40D of the principal Act is amended by inserting, immediately after subsection (3), the following subsection:“(3A) To avoid doubt, for the purpose of subsection (3), section 39A applies to the computation of the tax that would be payable by a resident of Singapore in the circumstances mentioned in that subsection.”.