Singapore legislation
Section 78
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 78
Prohibition of acquisition without approval
(1)
During its tax relief period, a warehousing company shall not acquire any sales and a servicing company shall not acquire any services from any other person in connection with its trade or business without the written approval of the Minister.
(2)
Where the Minister permits a warehousing company or a servicing company to acquire such sales or services, he may vary the base export earnings as determined under section 81(3) and impose such conditions as he thinks fit.