Singapore legislation
Clause 4
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 4
Amendment of section 8
Section 8 of the principal Act is amended —
(a)
by deleting subsections (1) and (2) and substituting the following subsection:“(1) Where, during its tax relief period, a pioneer enterprise carries on any trade or business other than the trade or business relating to the relevant pioneer product (referred to in this section as separate trade), separate accounts shall be maintained in respect of that separate trade or business and in respect of the same accounting period.”; and
(b)
by deleting the word “Minister” in subsection (4) and substituting the word “Comptroller”.