Singapore legislation

Clause 2

of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill

Clause 2

Amendment of section 46A

Section 46A of the Economic Expansion Incentives (Relief from Income Tax) Act is amended —

(a)

by inserting, immediately after the word “Singapore” at the end of the definition of “fixed capital expenditure” in subsection (1), the following words: —“; and the reference to factory building in this definition shall, in relation to a project under paragraph (b) or (c) of subsection (1) of section 46B, include a building used for carrying out that project”; and

(b)

by deleting the full-stop at the end of the definition of “investment day” in subsection (1) and substituting a semi-colon, and by inserting immediately thereafter the following definition: —“ “research and development” has the same meaning as in the Income Tax Act (Cap. 141).”.

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