Singapore legislation
Section 45
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 45
Interpretation of this Part
In this Part, unless the context otherwise requires —“commencement day”, in relation to an international trading company, means the date specified in the certificate issued to the company as the date from which that company shall be entitled to tax relief under this Part;“export sales” means export sales free on board but shall exclude the costs of samples, gifts, test-market materials, trade exhibits and other promotional materials;“international trading company” means a company which has been issued with a certificate under section 46;“qualifying commodities” means any commodities other than —
tin in the form of ore, ingots or slabs;
natural rubber;
crude palm oil, palm kernel oil and palm kernels;
crude coconut oil, copra and coconuts;
logs including sawn timber;
crude petroleum and petroleum products;
spices (raw and unprocessed);
pepper; and
such other commodities as may be excluded by the Minister by notification in the Gazette;“qualifying manufactured goods” means Singapore manufactured goods in respect of which one or more certificates of origin or other documents indicating that the goods are manufactured in Singapore have been issued by the Trade Development Board for the purpose of the export of such goods;“relevant export sales” means the export sales of an international trading company in respect of qualifying manufactured goods and Singapore domestic produce or in respect of qualifying commodities, as the case may be;“Singapore domestic produce” means eggs, chicken, orchids and aquarium fish produced in Singapore and such other domestic produce as may be approved by the Minister.
Definition
“commencement day”, in relation to an international trading company, means the date specified in the certificate issued to the company as the date from which that company shall be entitled to tax relief under this Part;
Definition
“export sales” means export sales free on board but shall exclude the costs of samples, gifts, test-market materials, trade exhibits and other promotional materials;
Definition
“international trading company” means a company which has been issued with a certificate under section 46;
Definition
“qualifying commodities” means any commodities other than —
tin in the form of ore, ingots or slabs;
natural rubber;
crude palm oil, palm kernel oil and palm kernels;
crude coconut oil, copra and coconuts;
logs including sawn timber;
crude petroleum and petroleum products;
spices (raw and unprocessed);
pepper; and
such other commodities as may be excluded by the Minister by notification in the Gazette;
Definition
“qualifying manufactured goods” means Singapore manufactured goods in respect of which one or more certificates of origin or other documents indicating that the goods are manufactured in Singapore have been issued by the Trade Development Board for the purpose of the export of such goods;
Definition
“relevant export sales” means the export sales of an international trading company in respect of qualifying manufactured goods and Singapore domestic produce or in respect of qualifying commodities, as the case may be;
Definition
“Singapore domestic produce” means eggs, chicken, orchids and aquarium fish produced in Singapore and such other domestic produce as may be approved by the Minister.