Singapore legislation
Section 48
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 48
Power to give directions
For the purposes of the Income Tax Act (Cap. 134) and this Act, the Comptroller may direct that —
any sums payable to an international trading company in any accounting period which, but for the provisions of this Act might reasonably and properly have been expected to be payable, in the normal course of business, after the end of that period shall be treated as not having been payable in that period but as having been payable on such date, after that period, as the Comptroller thinks fit and, where that date is after the end of the tax relief period of the international trading company, as having been so payable on that date as a sum payable in respect of its post tax relief trade or business; and
any expenses incurred by an international trading company within one year after the end of its tax relief period which, but for the provisions of this Act might reasonably and properly have been expected to be incurred, in the normal course of business, during its tax relief period shall be treated as not having been incurred within that year but as having been incurred on such date, during its tax relief period, as the Comptroller thinks fit.