Singapore legislation

Clause 57

Consequential and related amendments to Economic Expansion Incentives (Relief from Income Tax) Act

The Economic Expansion Incentives (Relief from Income Tax) Act (Cap. 86) is amended —

(a)

by deleting the words “a statement showing the amount of income” in section 12 and substituting the words “a statement (to be included in a notice of any assessment served on the pioneer enterprise under section 76 of the Income Tax Act) showing the amount of income in respect of its old trade or business”;

(b)

by inserting, immediately after the words “a statement” in section 44F(1), the words “(to be included in a notice of any assessment served on the company or firm under section 76 of the Income Tax Act)”;

(c)

by deleting the words “or 43Z” in the definition of “concessionary income” in section 66(1) and substituting the words “, 43Z, 43ZA, 43ZB, 43ZC or 43ZD”; and

(d)

by inserting, immediately after the words “a statement” in section 97O, the words “(to be included in a notice of any assessment served on the enterprise under section 76 of the Income Tax Act)”.

Read in full context — Income Tax (Amendment) Bill →