Singapore legislation
Section 85
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 85
Interpretation of this Part
In this Part, unless the context otherwise requires —“approved overseas project”, in relation to a consultancy company or a consultancy firm, means an overseas project of the kind specified in the certificate issued to that company or firm under section 86(3);“commencement day”, in relation to a consultancy company or a consultancy firm, means the date specified in the certificate issued to that company or firm as the date from which that company or firm shall be entitled to tax relief under this Part;“consultancy company” means a company which has been approved as a consultancy company under section 86;“consultancy firm” means a firm which has been approved as a consultancy firm under section 86;“consultancy revenue” means the gross revenue (excluding costs in respect of materials used or sub-contracts made) derived by a consultancy company or a consultancy firm from its profession or business;“consultancy services” means any of the following services: (a)advisory services relating to any technical, construction or engineering matter;
design and engineering;
fabrication of machinery and equipment;
procurement of materials and equipment;
management and supervision of the installation or construction of any project;
data processing, programming and other computer services;
any other services which the Minister may, by notification in the Gazette, declare to be consultancy services for the purposes of this Part;“eligible consultancy revenue” means the gross revenue (excluding costs in respect of materials used or sub-contracts made) derived by a consultancy company or a consultancy firm from the provision of consultancy services in respect of approved overseas projects.
Definition
“approved overseas project”, in relation to a consultancy company or a consultancy firm, means an overseas project of the kind specified in the certificate issued to that company or firm under section 86(3);
Definition
“commencement day”, in relation to a consultancy company or a consultancy firm, means the date specified in the certificate issued to that company or firm as the date from which that company or firm shall be entitled to tax relief under this Part;
Definition
“consultancy company” means a company which has been approved as a consultancy company under section 86;
Definition
“consultancy firm” means a firm which has been approved as a consultancy firm under section 86;
Definition
“consultancy revenue” means the gross revenue (excluding costs in respect of materials used or sub-contracts made) derived by a consultancy company or a consultancy firm from its profession or business;
Definition
“consultancy services” means any of the following services: (a)advisory services relating to any technical, construction or engineering matter;
design and engineering;
fabrication of machinery and equipment;
procurement of materials and equipment;
management and supervision of the installation or construction of any project;
data processing, programming and other computer services;
any other services which the Minister may, by notification in the Gazette, declare to be consultancy services for the purposes of this Part;
Definition
“eligible consultancy revenue” means the gross revenue (excluding costs in respect of materials used or sub-contracts made) derived by a consultancy company or a consultancy firm from the provision of consultancy services in respect of approved overseas projects.