In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Economic Expansion Incentives (Relief from Income Tax) Act 1967 · 2020 Revised Edition · Part 6 · Foreign Loans for Productive Equipment
34. Restriction on disposal of specified productive equipment
Feedback & supportAny productive equipment purchased and financed from an approved foreign loan must not be sold, transferred, or otherwise disposed of without the prior written permission of the Minister, unless the loan has been repaid in full.[58
productive equipment
Defined · s 3
“productive equipment” means machinery or plant which would normally qualify for deduction under sections 19, 19A, 20, 21 and 22 of the Income Tax Act 1947;