Clause 11

in the section heading, replace “or to maintenance of overseas trade office” with “, maintenance of overseas trade office, or electronic commerce”;

in subsection (2), after paragraph (ab), insert —“(ac)any of the following expenses incurred on or after 15 February 2023 that are approved for the firm or company for the purposes of enabling the firm or company to trade goods, or provide services to persons, in a foreign country using an electronic marketplace:

expenses incurred on the creation and maintenance of an account with the electronic marketplace;

expenses incurred on the listing of the goods to be traded or services to be provided on the electronic marketplace;

expenses incurred for any promotion campaign using the electronic marketplace, including the design and creation of the materials for the promotion campaign;

expenses incurred to engage a person (not being an officer or employee or a related party of the approved firm or company, or an officer or employee of such related party) to provide advisory service to the firm or company in connection with the use of the electronic marketplace;”; and

in subsection (11), after the definition of “approved”, insert —“ “electronic marketplace” means a medium that —

allows a person to trade goods or provide services to any other person by electronic means; and

is operated by electronic means,but not any medium that is solely for processing any payment for any trading of goods or provision of services;“foreign country” means any country outside Singapore;”.