Singapore legislation
Clause 4
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 4
Repeal and re-enactment of section 18
Section 18 of the principal Act is repealed and the following section substituted therefor:“Tax relief period of expanding enterprise
18. The tax relief period of an expanding enterprise shall —
(a)
commence on its expansion day; or
(b)
if the expansion day falls within the tax relief period specified in any certificate previously issued to the enterprise under Part II, Part IV or under this Part for the same or similar product, commence on the day immediately following the expiry of that tax relief period,and shall continue for such period, not exceeding 5 years, as the Minister may, in his discretion, determine.”.