Singapore legislation
Clause 5
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 5
Amendment of section 44C
Section 44C of the principal Act is amended —
(a)
by deleting the words “a period of 5 years” in subsection (1) and substituting the words “such period, not exceeding 10 years, as the Minister may, in his discretion, determine”; and
(b)
by deleting the words “thinks fit” in the last line of subsection (2) and substituting the words “may determine, except that the tax relief period of the export service company or firm shall not in the aggregate exceed 20 years”.