Income Tax (Exemption of Benefits Received in Connection with COVID-19 Events) (Amendment) Rules 2022

Status:

Published in Subsidiary Legislation Supplement
on 03 Jun 2022

No. S 466

Income Tax Act 1947

Income Tax (Exemption of
Benefits Received in Connection with
COVID-19 Events) (Amendment) Rules 2022

In exercise of the powers conferred by section 7(1) of the Income Tax Act 1947, the Minister for Finance makes the following Rules:

Citation and commencement

1. These Rules are the Income Tax (Exemption of Benefits Received in Connection with COVID-19 Events) (Amendment) Rules 2022 and come into operation on 3 June 2022.

Amendment of rule 2

2. In rule 2 of the Income Tax (Exemption of Benefits Received in Connection with COVID-19 Events) Rules 2022 (G.N. No. S 159/2022) —

(a)

in paragraph (d), replace the full-stop at the end with a semi‑colon; and

(b)

after paragraph (d), insert —

“(e)	a cash payment made on behalf of the Government to a person, under the public scheme known as the Small Business Recovery Grant.”.

Made on 23 May 2022.

LAI WEI LIN

Second Permanent Secretary,
Ministry of Finance,
Singapore.

[AG/LEGIS/SL/134/2020/58 Vol. 1]

(To be presented to Parliament under section 7(2) of the Income Tax Act 1947).

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