Singapore legislation
Section 96
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 96
Prohibition of other trade or business
Amended by37/84
(1)
During its qualifying period, a technology company shall not, without the written approval of the Minister, carry on any trade or business other than its relevant trade or business.
(2)
Where the carrying on of a separate trade or business has been approved under subsection (1), separate accounts shall be maintained in respect of that trade or business.
Amended by37/84