On 20/06/2013,
you requested for the version in force on 20/06/2013
incorporating all amendments published on or before 20/06/2013.
The closest version currently available is that of 31/12/2009.
31. Section 39(2) of the principal Act is amended —
(a)
by deleting sub-paragraph (ii) of paragraph (g) and substituting the following sub-paragraphs:
“(ii)
where the sum of —
(A)
the contributions to any approved pension or provident fund or society under this paragraph; and
(B)
the deduction allowed to the individual under paragraph (q),
does not exceed $5,000, then the total deductions allowable under this paragraph shall not exceed the difference between $5,000 and the amount of the deduction referred to in sub-paragraph (B);
(iia)
where the sum referred to in sub-paragraph (ii) exceeds $5,000, then no deduction shall be allowed under this paragraph, except that the contributions made to an approved pension or a provident fund or the Central Provident Fund under this paragraph shall, subject to subsections (6) to (10), be allowed as a deduction under this paragraph;”; and
(b)
by deleting sub-paragraph (i) of paragraph (h) and substituting the following sub-paragraphs:
“(i)
where the sum of —
(A)
the contributions to any approved pension or provident fund or society under paragraph (g) and this paragraph; and
(B)
the deduction allowed to the individual under paragraph (q),
does not exceed $5,000, then the total deductions allowable under paragraph (g) and this paragraph shall not exceed the difference between $5,000 and the amount of the deduction referred to in sub-paragraph (B);
(ia)
where the sum referred to in sub-paragraph (i) exceeds $5,000, then no deduction shall be allowed under paragraph (g) in respect of premiums for life insurance;”.