Singapore legislation
Clause 12
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 12
Repeal and re-enactment of section 18
Section 18 of the principal Act is hereby repealed and the following substituted therefor: —“Tax relief period of expanding enterprise
18. 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 continue for such period, not exceeding five years, as the Minister may, in his discretion, determine.”.