Singapore legislation

Clause 13

of Income Tax (Amendment) Bill

Clause 13

Amendment of section 14C

Section 14C of the principal Act is amended —

(a)

by deleting the words “a company” in the ninth line of subsection (1) and substituting the words “an approved firm or company”;

(b)

by deleting the comma immediately after the word “Singapore” in the eleventh line of subsection (1) and substituting the following words:“; or on or after 1st April 1993 by an approved firm or company resident in Singapore and carrying on in Singapore the business of providing services principally for promoting the provision of services overseas,”;

(c)

by inserting, immediately after the word “information” at the end of paragraph (i) of the definition of “export market development expenditure” in subsection (4), the words “, including any feasibility study”;

(d)

by deleting the word “or” at the end of paragraph (ii) of the definition of “export market development expenditure” in subsection (4); and

(e)

by deleting the full-stop at the end of paragraph (iii) of the definition of “export market development expenditure” in subsection (4) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(iv)expenses incurred in the design of the packaging, or in the certification, of goods manufactured in Singapore for export or in the certification of services to be provided overseas where such certification is carried out by an approved person.”.

Clause 13 — Income Tax (Amendment) Bill | laws.sg