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Corporation Duty (Repeal) Bill

Bill No. 39/1967

Read the first time on 21st December 1967.

An Act to repeal the Corporation Duty Ordinance (Chapter 159 of the Revised Edition).

Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: —

Short title and commencement

1. This Act may be cited as the Corporation Duty (Repeal) Act, 1967, and shall be deemed to have come into operation on the 31st day of December 1967.

Repeal

2. The Corporation Duty Ordinance (Cap. 159) is hereby repealed.

Application of repeal

3.—(1) The repeal effected by this Act shall apply in respect of the duty which would have been payable in relation to the annual value, income or profits of bodies corporate or unincorporate of the year ending 31st December, 1967, and subsequent years.

(2) Nothing in this Act shall affect the liability to pay any duty payable under the Corporation Duty Ordinance in respect of the years prior to the year ending the 31st day of December 1967.