Singapore legislation
Clause 2
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 2
Amendment of section 5
Section 5 of the Economic Expansion Incentives (Relief from Income Tax) Act (hereinafter in this Act referred to as “the principal Act”) is hereby amended —
(a)
by deleting the words “which has incurred or is intending to incur a fixed capital expenditure of not less than one million dollars and” appearing in subsection (1) thereof; and
(b)
by deleting subsection (5) thereof.