Singapore legislation
Section 5
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 5
Application for and issue and amendment of pioneer certificate
(1)
Any company which is desirous of producing a pioneer product may make an application in writing to the Minister to be approved as a pioneer enterprise in such form and with such particulars as may be prescribed.
(2)
Where the Minister is satisfied that it is expedient in the public interest to do so and, in particular, having regard to the production or anticipated production of the pioneer product from all sources of production in Singapore, he may approve that company as a pioneer enterprise and issue a pioneer certificate to the company, subject to such conditions as he thinks fit.
(3)
Every pioneer certificate issued under this section shall specify —
the date on or before which it is expected that the pioneer enterprise will commence to produce in marketable quantities the product specified in the certificate; and
the rate of production of that product which it is expected will be attained on or before that date.
(4)
The date specified under subsection (3)(a) shall be deemed to be the production day of the pioneer enterprise for the purposes of this Act.
(5)
The Minister may, in his discretion, upon the application of any pioneer enterprise, amend its pioneer certificate by substituting for the production day specified therein such earlier or later date as he thinks fit and thereupon the provisions of this Act shall have effect as if the date so substituted were the production day in relation to that pioneer enterprise.