Singapore legislation
Clause 23
of Economic Expansion Incentives (Relief from Income Tax) Bill
Clause 23
Tax relief period
(1)
The tax relief period of an export enterprise shall —
where the enterprise is not a pioneer enterprise, commence from its export year and continue for a period of fifteen years inclusive of such export year; and
where the enterprise is a pioneer enterprise, commence from its export year or, if the export year falls within the period of its old trade or business, from the commencement of its new trade or business, and shall continue for such period as together with its tax relief period as a pioneer enterprise will extend in the aggregate to fifteen years.
(2)
The Minister may, where he is satisfied that it is expedient in the public interest to do so, extend the tax relief period of any export enterprise for such further period as he thinks fit.