Singapore legislation

Clause 4

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

Clause 4

Amendment of section 43

Section 43 of the principal Act is amended —

(a)

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

(b)

by deleting the comma at the end of paragraph (k) of subsection (1) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(l)for reducing greenhouse gas emissions,”; (c)by deleting subsection (7) and substituting the following subsection:“(7) Approval under this section may only be granted during the period between 1 April 2010 and 31 December 2026 (both dates inclusive) to any company in respect of any project under subsection (1)(j).”; and

(d)

by inserting, immediately after subsection (9), the following subsection:“(10) Approval under this section may only be granted during the period between 1 April 2021 and 31 December 2026 (both dates inclusive) to a company in respect of any fixed capital expenditure incurred by the company on or after 1 April 2021 on a project mentioned in subsection (1)(l).”.

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