Singapore legislation
Section 86
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 86
Approved consultancy company or consultancy firm
(1)
Any company or firm intending to provide consultancy services in connection with or in respect of any overseas project or projects may, where that part of its consultancy revenue which is attributable to those services exceeds or is expected to exceed $1 million per annum, apply in the prescribed form to the Minister for approval as a consultancy company or a consultancy firm.
(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 or firm 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 or firm shall be entitled to tax relief under this Part; and
the kinds of projects for the purposes of tax relief under this Part.
(4)
The Minister may, in his discretion, upon the application of a consultancy company or a consultancy firm, 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.