Singapore legislation
Section 76
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 76
Approved warehousing company or servicing company
(1)
Any company intending to incur fixed capital expenditure of not less than $2 million for —
the establishment or improvement of warehousing facilities wholly or mainly for the storage and distribution of manufactured goods to be sold and exported by the company, with or without processing or the provision of related services; or
the purpose of providing technical or engineering services (or such other services as the Minister may, by notification in the Gazette, specify) wholly or mainly to persons outside Singapore who are not resident in Singapore,may apply in the prescribed form to the Minister for approval as a warehousing company or a servicing company.
(2)
Where the Minister considers it expedient in the public interest to do so, he may approve the application and issue a certificate to the company subject to such conditions as he thinks fit.
(3)
Every certificate issued under this section shall specify —
a date as the commencement day from which the company shall be entitled to tax relief under this Part; and
the eligible goods or services for the purpose of tax relief under this Part.
(4)
The Minister may, in his discretion, upon the application of a warehousing company or a servicing company, amend its certificate by substituting for the commencement day specified therein such earlier or later date as he thinks fit and thereupon the provisions of this Part shall have effect as if the date so substituted were the commencement day in relation to that certificate.