Singapore legislation
Clause 2
Clause 2
Amendment of section 2
Section 2 of the Income Tax Act (hereinafter in this Act referred to as the principal Act) is amended by inserting, immediately after the definition of “replanting”, the following definitions: —“ “research and development” means any systematic or intensive study carried out in the field of science or technology with the object of using the results of the study for the production or improvement of materials, devices, products or processes, but does not include —
quality control or routine testing of materials, devices or products;
research in the social sciences or the humanities;
routine data collection;
efficiency surveys or management studies; or
market research or sales promotion;“research and development organisation” means a body or organisation which provides research and development services for any manufacturing trade or business;”.