Singapore legislation
Clause 8
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 8
Amendment of section 46B
Section 46B (1) of the principal Act is deleted and the following subsection substituted therefor:“(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;
(c)
for research and development;
(d)
for construction operations;
(e)
for reducing the consumption of potable water;
(f)
in relation to any qualifying activity as defined in section 15A,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.”.