Singapore legislation
Clause 23
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 23
Amendment of section 19P
Section 19P of the principal Act is amended —
by inserting, immediately after the words “tax relief period” in paragraph (a), the words “for a qualifying activity”; and
by deleting paragraph (b) and substituting the following paragraph:“(b)any expense incurred by a development and expansion company in respect of a qualifying activity within one year after the end of the tax relief period for that activity which might reasonably and properly have been expected to be incurred, in the normal course of business, during that tax relief period, is to be treated —
as not having been incurred within that year; but (ii)as having been incurred for the purposes of that qualifying activity and on such date during that tax relief period as the Comptroller thinks fit.”.