Singapore legislation
Clause 8
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 8
Amendment of section 67
Section 67 of the principal Act is amended —
by deleting the word “or” at the end of subsection (1)(i);
by deleting the comma at the end of paragraph (j) of subsection (1) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(k)for the construction and operation by the company of any submarine cable system with one or more landing stations in Singapore, and any such landing station,”;
by deleting the words “or (i)” in subsection (3) and substituting the words “, (i) or (k)”; and
by inserting, immediately after subsection (8), the following subsection:“(9) Approval under this section may only be granted during the period between 20 February 2018 and 31 December 2023 (both dates inclusive) to a company in respect of any fixed capital expenditure incurred by the company on or after 20 February 2018 on a submarine cable system or a landing station mentioned in subsection (1)(k), for a project under that subsection.”.