Singapore legislation
Clause 4
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 4
Amendment of section 77
The principal Act is amended by renumbering section 77 as subsection (1) of that section, and by inserting immediately thereafter the following subsection:“(2) The Minister may, where he is satisfied that it is expedient in the public interest to do so and subject to such terms and conditions as he may impose, extend the tax relief period of any warehousing company or servicing company for such further periods, not exceeding 5 years at any one time, as he thinks fit.”.