Section 3
Commencement of amendments to the Income Tax Act 1967
(1)
Except for paragraphs 14(b) and (e), this Chapter shall have effect for the year of assessment 1989 and subsequent years of assessment.
6
(2)
Paragraphs 14(b) and (e) shall have effect for the year of assessment 1990 and subsequent years of assessment.
Amendment of section 18 4.
Section 18 of the Income Tax Act 1967, which in this Chapter is referred to as “the principal Act”, is amended by inserting, immediately after the definition of “economic rent”, the following new definition of “entertainment”:
‘ “entertainment”includes—
(a)
the provision of food, drink, recreation or hospitality of any kind; or
(b)
the provision of accommodation or travel in connection with or for the purpose of facilitating entertainment of the kind mentioned in paragraph (a), by a person or an employee of his in connection with a trade or business carried on by that person;’.
New section 38A