Singapore legislation
Clause 2
Clause 2
Amendment of section 2
Section 2 of the Income Tax Act (called in this Act the principal Act) is amended —
(a)
by inserting, immediately after the word “sections” in the definition of “Comptroller” in subsection (1), “37IE(7),”; and
(b)
by inserting, immediately after subsection (2), the following subsection:“(3) In this Act, a ship (as defined in section 2(1) of the Merchant Shipping Act (Cap. 179)) is used for offshore oil or gas activity if it is used for the exploration or exploitation of offshore oil or gas, or to support any activity that is ancillary to such exploration or exploitation.”.