Singapore legislation
Section 88
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 88
Application of certain sections to consultancy company or consultancy firm
Sections 48, 49 and 50 shall apply, with the necessary modifications, to a consultancy company or a consultancy firm as they apply to an international trading company and for the purposes of such application —
the reference in section 49(2) to the export sales of qualifying manufactured goods, Singapore domestic produce and qualifying commodities shall be read as a reference to the provision of consultancy services on approved overseas projects; and
the reference in section 50 to trade or business shall be read as a reference to profession or business and the reference to relevant export sales shall be read as a reference to consultancy services on approved overseas projects.