Singapore legislation

Clause 3

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

Clause 3

Amendment of section 97A

Section 97A of the principal Act is amended —

(a)

by deleting the words “or a technology investment company” in the second line of the definition of “eligible holding company” and substituting the words “, a technology investment company or an overseas investment company”;

(b)

by deleting the words “or the technology investment company” in paragraphs (b) and (c) of the definition of “eligible holding company” and substituting in each case the words “, the technology investment company or the overseas investment company”; and

(c)

by inserting, immediately after the definition of “eligible individual”, the following definition:“ “overseas investment company” means a company approved as an overseas investment company under section 97C(4);”.

Read in full context — Economic Expansion Incentive (Relief from Income Tax) (Amendment) Bill →