Singapore legislation

Section 52

of Economic Expansion Incentives (Relief from Income Tax) Act

Section 52

Conditions for relief

The tax relief provided under section 51 shall, for a year of assessment, apply only if —

(a)

an international trading company has complied with the conditions stipulated under this Part and such other conditions as may be specified in its certificate; and

(b)

in the case of a company engaged in international trade under section 46(1)(a), the export sales in respect of the qualifying manufactured goods or Singapore domestic produce exceed $10 million in the basis period for that year of assessment; or

(c)

in the case of a company engaged in entrepot trade under section 46(1)(b), the export sales in respect of the qualifying commodities exceed $20 million in the basis period for that year of assessment.

Read in full context — Economic Expansion Incentives (Relief from Income Tax) Act →