Singapore legislation
Clause 4
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 4
Amendment of section 68
Section 68(1) of the principal Act is amended by deleting paragraph (a) and substituting the following paragraph:“(a)within such period as the Minister may determine (referred to in this Act as the qualifying period), being a period commencing from the investment day and —
(i)
not exceeding 5 years; or
(ii)
not exceeding 8 years where the specified item is acquired under a hire-purchase agreement made on or after 15th February 2007; and”.