Clause 19

A person carrying on a trade or business who surrenders any green certificates or green credits prescribed by rules made under section 7 is allowed, for the year of assessment relating to the basis period in which the person surrenders them, a deduction for any qualifying expenditure the person incurred for them during the basis period relating to the year of assessment 2026 or any subsequent year of assessment.(2) Qualifying expenditure, in relation to any green certificates or green credits, means —

any expenditure incurred for their acquisition, their registration with the relevant registry, their issue, or their transfer to the person concerned; (b)any expenditure incurred for their surrender; or

any expenditure incurred for such other matter as may be prescribed by rules made under section 7.(3) In this section, “surrender”, in relation to any green certificates or green credits, means to surrender or retire the green certificates or green credits, but excludes any activity as may be prescribed by rules made under section 7.”.