Income Tax (Maximum Relief Amount for Payments to Retirement Account and Special Account) (Amendment) Rules 2021

Status:

Published in Subsidiary Legislation Supplement
on 30 Dec 2021

No. S 1027

Income Tax Act

(CHAPTER 134)

Income Tax (Maximum Relief Amount
for Payments to Retirement Account
and Special Account) (Amendment) Rules 2021

In exercise of the powers conferred by section 7(1) of the Income Tax Act, the Minister for Finance makes the following Rules:

Citation and commencement

1. These Rules are the Income Tax (Maximum Relief Amount for Payments to Retirement Account and Special Account) (Amendment) Rules 2021 and come into operation on 1 January 2022.

Amendment of rule 3

2. Rule 3 of the Income Tax (Maximum Relief Amount for Payments to Retirement Account and Special Account) Rules 2018 (G.N. No. S 577/2018) is amended by inserting, immediately after the words “subsequent year of assessment” in paragraphs (1) and (2), the words “up to and including the year of assessment 2022”.

Made on 14 December 2021.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[MOF.R032.018.3043 V.1; AG/LEGIS/SL/134/2020/52 Vol. 1]

(To be presented to Parliament under section 7(2) of the Income Tax Act).

Search within Legislation