25 Sep 2019 in National Assembly:
60. Interest income accruing from all listed bonds, notes or other similar securities used to raise funds for infrastructure, projects and assets defined under Green Bonds Standards and Guidelines, and other social services:
view
25 Sep 2019 in National Assembly:
Provided that such bonds, notes or securities shall have a maturity of at least three years.
view
25 Sep 2019 in National Assembly:
The justification for this amendment is that Clause 12(59) allows the contributors to the affordable housing scheme who are first-time home-owners to be excluded from paying income tax. It encourages people to enroll in this scheme. Under Clause 12(60), the intention is to separate the exemption which has already been provided on bonds to show Green Bonds separately. This is to encourage investments on Green Bonds which will be used in green projects which are friendly to the environment.
view
25 Sep 2019 in National Assembly:
Hon. Temporary Deputy Chairlady, I beg to move:
view
25 Sep 2019 in National Assembly:
THAT, the Bill be amended in clause 13(b) by –
view
25 Sep 2019 in National Assembly:
(a) deleting sub-paragraph (iii);
view
25 Sep 2019 in National Assembly:
(b) deleting sub-paragraph (iv).
view
25 Sep 2019 in National Assembly:
This Clause also touches on the same services which we had already moved to exclude services such as cleaning, fumigation and catering from paying tax. The services are the same but they touch on different aspects of the same business.
view
25 Sep 2019 in National Assembly:
Hon. Temporary Deputy Chairlady, I beg to move:
view
25 Sep 2019 in National Assembly:
THAT, the Bill be amended by inserting the following new clause immediately after Clause 7 –
view