Singapore legislation
Clause 18
of Economic Expansion Incentives (Relief from Income Tax) Bill
Clause 18
Tax relief period
(1)
The tax relief period of an expanding enterprise shall begin on the first day of the accounting period commencing on or after its expansion day or, at its option, on the first day of the accounting period in which the expansion day falls and shall —
where such expanding enterprise has incurred new capital expenditure not exceeding two hundred and fifty thousand dollars, continue for a period of three years; and
where such expanding enterprise has incurred new capital expenditure exceeding two hundred and fifty thousand dollars, continue for a period of five years.
(2)
Notwithstanding subsection (1) of this section, where the tax relief period of an expanding enterprise is three years and the Minister is satisfied that it has incurred by the end of that period new capital expenditure of not less than two hundred and fifty thousand dollars, he may extend its tax relief period to five years.