Singapore legislation
Section 22
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 22
Tax relief period of expanding enterprise
(1)
The tax relief period of an expanding enterprise shall —
commence on its expansion day; or
if the expansion day falls within the tax relief period specified in any certificate previously issued to the enterprise under Part II or VI for the same or similar product, commence on the day immediately following the expiry of that tax relief period,and shall continue for such period, not exceeding 10 years, as the Minister may, in his discretion, determine.
(2)
The Minister may, where he is satisfied that it is expedient in the public interest to do so and subject to such terms and conditions as he may impose, extend the tax relief period of an expanding enterprise for such further period or periods, not exceeding 5 years at any one time, as he may determine.
(3)
The tax relief period of an expanding enterprise shall not in the aggregate exceed 20 years.