Singapore legislation
Clause 3
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 3
Amendment of section 19C
The principal Act is amended by renumbering section 19C as subsection (1) of that section, and by inserting immediately thereafter the following subsection:“(2) The Minister may, subject to such terms and conditions as he may impose, extend the tax relief period of a post-pioneer company for such further period or periods as the Minister may determine except that the tax relief period of the company shall not in the aggregate exceed 10 years.”.