Singapore legislation
Section 27
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 27
Tax relief period of expanding service company
(1)
The tax relief period of an expanding service company 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 company for the same or similar qualifying activity under Part III, 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 service company 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 service company shall not in the aggregate exceed 20 years.