45. Section 50A of the principal Act is amended —
(a)
by deleting the word “or” at the end of subsection (1)(d);
(b)
by deleting the full-stop at the end of paragraph (e) of subsection (1) and substituting a semi-colon, and by inserting immediately thereafter the following paragraphs:
“(f)
any income derived from any trade or business carried on in that territory through a permanent establishment in that territory;
(g)
any discount or premium from debt securities or interest derived from that territory where the payment is not —
(i)
borne, directly or indirectly, by a person resident in Singapore or a permanent establishment in Singapore (except in respect of any business carried on outside Singapore through a permanent establishment outside Singapore); or
(ii)
deductible against any income accruing in or derived from Singapore;
(h)
any rent or other income ancillary to the holding of immovable properties located in that territory but not including gains from the disposal of such immovable properties derived from a trade or business carried on in Singapore; and
(i)
any gains or profits of an income nature not falling within any of the preceding paragraphs that is derived from that territory.”; and