On 18/05/2013,
you requested for the version in force on 18/05/2013
incorporating all amendments published on or before 18/05/2013.
The closest version currently available is that of 10/08/2001.
25. Section 43 of the principal Act is amended —
(a)
by deleting “25.5%” in subsection (1)(a) and (b) and substituting in each case “24.5%”;
(b)
by inserting, immediately after subsection (1C), the following subsections:
“(1D) Notwithstanding subsection (1), for the year of assessment 2002 and subsequent years of assessment, there shall be levied and paid for each year of assessment upon the chargeable income of every company, tax at the rate prescribed in subsection (1)(a) on every dollar of the chargeable income thereof except that —
(a)
for every dollar of the first $10,000 of the chargeable income (excluding Singapore dividends), only 25% shall be charged with tax; and
(b)
for every dollar of the next $90,000 of the chargeable income (excluding Singapore dividends), only 50% shall be charged with tax.
(1E) In subsection (1D), “Singapore dividends” means any dividend derived from Singapore from which tax has been deducted under section 44.”; and