Singapore legislation
Clause 5
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 5
Amendment of section 25
Section 25 of the principal Act is hereby amended by deleting paragraph (b) of subsection (1) thereof and substituting therefor the following: —“(b)being a pioneer enterprise, commences on the first day of its export year or, if the export year falls within the period of its old trade or business, on the date of the commencement of its new trade or business, and continues for a period of three years.”.