Singapore legislation
Clause 4
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 4
Amendment of section 46C
Section 46C of the principal Act is amended by deleting the proviso to subsection (1) and substituting the following proviso: —“Provided that the fixed capital expenditure is incurred —
(a)
within such period (hereinafter referred to as the qualifying period), not exceeding five years, commencing from the investment day as the Minister may determine; and
(b)
in the case of a project under paragraph (d) of subsection (1) of section 46B, during the period 1st April, 1982 and 31st March, 1987 or such later date as the Minister may, by notification in the Gazette, specify.”.