Singapore legislation
Section 77
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 77
Tax relief period of warehousing company or servicing company
(1)
The tax relief period of a warehousing company or a servicing company shall commence on its commencement day and shall continue for such period, not exceeding 10 years, as the Minister may, in his discretion, determine.
(2)
The Minister may, where he is satisfied that it is expedient in the public interest to do so and subject to such terms and conditions as he may impose, extend the tax relief period of any warehousing company or servicing company for such further period or periods, not exceeding 5 years at any one time, as he may determine.
(3)
The tax relief period of a warehousing company or servicing company shall not in the aggregate exceed 20 years.