Singapore legislation
Clause 2
Clause 2
Amendment of section 2
In the Income Tax Act 1947 (called in this Part the ITA), in section 2 —
(a)
in subsection (1), after the definition of “related party”, insert —“ “renewable energy” means —
(a)
thermal power;
(b)
geothermal power;
(c)
solar power;
(d)
wind power;
(e)
osmotic power;
(f)
tidal power;
(g)
wave power; or
(h)
hydropower;”; and
(b)
after subsection (3A), insert —“(3B) In this Act, a ship (as defined in section 2(1) of the Merchant Shipping Act 1995) is used for renewable energy activity if it is used for the subsea distribution, exploration or exploitation of renewable energy, or to support any activity that is ancillary to the distribution, exploration or exploitation.”.