Singapore legislation

Clause 5

of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill

Clause 5

Amendment of section 43

In the principal Act, in section 43 —

(a)

in subsection (1)(k), delete “or” at the end;

(b)

in subsection (1)(l), replace the comma at the end with “; or”;

(c)

in subsection (1), after paragraph (l), insert —“(m)for such other activity as may be prescribed,”;

(d)

after subsection (1), insert —“(1A) Where a project is prescribed for the purposes of subsection (1)(m), the regulations may further provide that approval under this section may not be granted to any company in respect of the project after a prescribed date.”;

(e)

in subsection (7), replace “between 1 April 2010 and 31 December 2026 (both dates inclusive)” with “from and including 1 April 2010 up to and including 31 December 2026 or such earlier date as may be prescribed”;

(f)

in subsection (8), after “1 January 2029”, insert “or such earlier date as may be prescribed’’;

(g)

in subsection (9), replace “between 20 February 2018 and 31 December 2028 (both dates inclusive)” with “from and including 20 February 2018 up to and including 31 December 2028 or such earlier date as may be prescribed”; and

(h)

in subsection (10), replace “between 1 April 2021 and 31 December 2026 (both dates inclusive)” with “from and including 1 April 2021 up to and including 31 December 2026 or such earlier date as may be prescribed”.

Read in full context — Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill →