Singapore legislation
Clause 4
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 4
Amendment of section 10
Section 10 of the principal Act is hereby amended by deleting subsection (3) thereof and substituting therefor the following: —“(3) For the purposes of subsection (2) of this section,“fixed capital expenditure” means capital expenditure which has been or is intended to be incurred by the pioneer enterprise, in connection with its pioneer product, on its factory building (excluding land) in Singapore, and on any new plant or new machinery used in Singapore and, subject to the approval of the Minister, on any secondhand plant or secondhand machinery used in Singapore.”.