Singapore legislation
Clause 3
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 3
Amendment of section 46B
Section 46B of the Economic Expansion Incentives (Relief from Income Tax) Act is amended by deleting subsection (1) and substituting the following: —“(1) Where a company proposes to carry out a project —
(a)
for the manufacture or increased manufacture of any product;
(b)
for the provision of specialised engineering or technical services; or
(c)
for research and development,it may apply in the prescribed form to the Minister for the approval of an investment allowance in respect of the fixed capital expenditure for the project.”.