Singapore legislation
Section 75
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 75
Interpretation of this Part
In this Part, unless the context otherwise requires —“commencement day”, in relation to a warehousing company or a servicing company, means the date specified in its certificate as the date from which that company shall be entitled to tax relief under this Part;“earnings” means —
in relation to a warehousing company, the consideration received or receivable from the sales of goods (including the provision of services connected with or related to such sales) or the commissions received or receivable therefrom; and
in relation to a servicing company, the consideration received or receivable from the provision of services;“eligible goods or services”, in relation to a warehousing company or a servicing company, means the eligible goods or services specified in the certificate issued to that company under section 76(3);“export earnings” means —
in relation to a warehousing company, the consideration received or receivable from export sales free on board of eligible goods (including the provision of services connected with or related to such sales) or the commissions received or receivable therefrom; and
in relation to a servicing company, the consideration received or receivable from the provision of eligible services to persons outside Singapore who are not resident in Singapore;“fixed capital expenditure” means capital expenditure to be incurred on any building (excluding land) and on any new productive equipment (and, subject to the approval of the Minister, on any secondhand productive equipment) to be used in Singapore;“servicing company” means a company which has been approved as a servicing company under section 76;“warehousing company” means a company which has been approved as a warehousing company under section 76.
Definition
“commencement day”, in relation to a warehousing company or a servicing company, means the date specified in its certificate as the date from which that company shall be entitled to tax relief under this Part;
Definition
“earnings” means —
in relation to a warehousing company, the consideration received or receivable from the sales of goods (including the provision of services connected with or related to such sales) or the commissions received or receivable therefrom; and
in relation to a servicing company, the consideration received or receivable from the provision of services;
Definition
“eligible goods or services”, in relation to a warehousing company or a servicing company, means the eligible goods or services specified in the certificate issued to that company under section 76(3);
Definition
“export earnings” means —
in relation to a warehousing company, the consideration received or receivable from export sales free on board of eligible goods (including the provision of services connected with or related to such sales) or the commissions received or receivable therefrom; and
in relation to a servicing company, the consideration received or receivable from the provision of eligible services to persons outside Singapore who are not resident in Singapore;
Definition
“fixed capital expenditure” means capital expenditure to be incurred on any building (excluding land) and on any new productive equipment (and, subject to the approval of the Minister, on any secondhand productive equipment) to be used in Singapore;
Definition
“servicing company” means a company which has been approved as a servicing company under section 76;
Definition
“warehousing company” means a company which has been approved as a warehousing company under section 76.