/akn/sg/act/bill/2010/28

Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill

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Type: Bill
Status: In force
Enacted: 2010
Sections: 7

Quick answer

About this bill

Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill is Singapore Bill, cited as Bill 28 2010, currently marked in force and first recorded in 2010.

Clause 1

Short title and commencement

This Act may be cited as the Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2010 and shall, with the exception of sections 3 and 4, come into operation on such date as the Minister may, by notification in the Gazette, appoint.(2) Section 3 shall be deemed to have come into operation on 1st April 2010.(3) Section 4 shall be deemed to have come into operation on 15th February 2007.

(1)

(2)

Section 3 shall be deemed to have come into operation on 1st April 2010.

(3)

Section 4 shall be deemed to have come into operation on 15th February 2007.

Clause 2

Repeal of Part VIA

Part VIA of the Economic Expansion Incentives (Relief from Income Tax) Act (referred to in this Act as the principal Act) is repealed.

Clause 3

Amendment of section 67

Section 67 of the principal Act is amended —

(a)

by deleting the word “or” at the end of subsection (1)(h);

(b)

by deleting the comma at the end of paragraph (i) of subsection (1) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(j)for improving energy efficiency,”; and

(c)

by deleting subsection (6) and substituting the following subsections:“(6) Approval under this section shall only be granted during the following periods to a company in respect of any project under subsection (1)(i):

(a)

between 9th September 2004 and 8th September 2009 (both dates inclusive); and

(b)

between 1st April 2010 and 31st March 2015 (both dates inclusive).(7) Approval under this section shall only be granted during the period between 1st April 2010 and 31st March 2015 (both dates inclusive) to any company in respect of any project under subsection (1)(j).”.

Clause 4

Amendment of section 68

Section 68(1) of the principal Act is amended by deleting paragraph (a) and substituting the following paragraph:“(a)within such period as the Minister may determine (referred to in this Act as the qualifying period), being a period commencing from the investment day and —

(i)

not exceeding 5 years; or

(ii)

not exceeding 8 years where the specified item is acquired under a hire-purchase agreement made on or after 15th February 2007; and”.

Clause 5

Amendment of section 97H

Section 97H of the principal Act is amended by deleting paragraphs (d) and (e) of the definition of “qualifying activity” and substituting the following paragraphs:“(d)technical services including construction, distribution, design and engineering services;

(e)

consultancy, management, supervisory or advisory services relating to any technical matter or to any trade or business;

(f)

fabrication of machinery and equipment and procurement of materials, components and equipment;

(g)

data processing, programming, computer software development, telecommunications and other computer services;

(h)

professional services including accounting, legal, medical and architectural services;

(i)

educational and training services; and

(j)

any other activities or services as may be prescribed;”.

Clause 6

Repeal of Part XIIIE

Part XIIIE of the principal Act is repealed.

Clause 7

Repeal of Part XIIIF

Part XIIIF of the principal Act is repealed.

Common questions

What is Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill?: Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill is Singapore Bill, cited as Bill 28 2010, currently marked in force and first recorded in 2010.
Is Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill still in force?: Yes — Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill is currently in force.
When did Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill take effect?: Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill was first recorded in 2010.
How many clauses does Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill have?: Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill contains 7 clauses.
Where can I read the official version of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill?: The official text of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill is published at sso.agc.gov.sg.