Singapore legislation
Clause 7
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 7
Repeal and re-enactment of section 64
Section 64 of the principal Act is repealed and the following section substituted therefor:“Reduction of, or exemption from, tax
64. Notwithstanding section 43(b) of the Income Tax Act (Cap. 134), the Minister may, if he is satisfied that it is expedient in the public interest to do so, by an endorsement to that effect on the approved royalties, fees or contributions certificate exempt from tax wholly or in part any approved royalties, fees or contributions received by a non-resident person.”.