Economic Expansion Incentives (Relief from Income Tax) Act 1967 · 2020 Revised Edition · Part 4 · Development and Expansion Incentive
28. Power to give directions
Feedback & supportLast amended by an amending law of 2016.
For the purposes of this Act and the Income Tax Act 1947, the Comptroller may direct that —
any sum payable to a development and expansion company in its tax relief period for a qualifying activity which might reasonably and properly have been expected to be payable, in the normal course of business, after the end of that period is to be treated as not having been payable in that period but as having been payable on such date, after that period, as the Comptroller thinks fit; and
development and expansion company
“development and expansion company” means a company which has been issued with a certificate under section 21(3);
any expense incurred by a development and expansion company in respect of a qualifying activity within one year after the end of the tax relief period for that activity which might reasonably and properly have been expected to be incurred, in the normal course of business, during that tax relief period, is to be treated —
qualifying activity
“qualifying activity” means any of the following:(a)any engineering or technical services including laboratory, consultancy and research and development activities;(b)computer-based information and other computer related services;(c)the development or production of any industrial design; and(d)such other services or activities as may be prescribed.
as not having been incurred within that year; but (ii)as having been incurred for the purposes of that qualifying activity and on such date during that tax relief period as the Comptroller thinks fit.[19P
Comptroller
“Comptroller” means the Comptroller of Income Tax appointed under the Income Tax Act 1947;