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Amendment of section 823A of Principal Act (deduction for income earned in certain foreign states)
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11. (1) Section 823A of the Principal Act is amended—
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(a) in subsection (1) by substituting the following for the definition of “relevant state”:
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“ ‘relevant state’ means, as regards the years of assessment 2012 to 2020, the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China or the Republic of South Africa, and includes—
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(a) as regards the years of assessment 2013 to 2020, the Arab Republic of Egypt, the People’s Democratic Republic of Algeria, the Republic of Senegal, the United Republic of Tanzania, the Republic of Kenya, the Federal Republic of Nigeria, the Republic of Ghana and the Democratic Republic of the Congo,
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(b) as regards the years of assessment 2015 to 2020, Japan, the Republic of Singapore, the Republic of Korea, the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Qatar, the Kingdom of Bahrain, the Republic of Indonesia, the Socialist Republic of Vietnam, the Kingdom of Thailand, the Republic of Chile, the Sultanate of Oman, the State of Kuwait, the United Mexican States and Malaysia, and
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(c) as regards the years of assessment 2017 to 2020, the Republic of Colombia and the Islamic Republic of Pakistan;”,
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(b) in subsection (3) by substituting “30 days” for “40 days”, and
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(c) in subsection (6) by substituting “2015 to 2020” for “2015, 2016 and 2017”.
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(2) Paragraph (b) of subsection (1) shall have effect for the years of assessment 2017, 2018, 2019 and 2020.
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