Regulation 1
Citation
This Order may be cited as the Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order and shall apply from the year of assessment 1978.
/akn/sg/act/sub_leg/1947/ITA-OR1
Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 4
Quick answer
About this subsidiary legislation
Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-OR1 1947, currently marked in force and first recorded in 1947.
Regulation 2
Initial allowance
Subject to paragraph 3, the initial allowance to be made under section 19(1) of the Act in respect of Shell Eastern Petroleum (Pte.) Ltd.'s hydrocracker project shall be equal to 100% of the capital expenditure incurred on the provision of machinery or plant by Shell Eastern Petroleum (Pte.) Ltd. solely for the hydrocracker project.
Regulation 3
Application of initial allowance
Subregulation 1
The initial allowance made under this Order shall apply only if —
(a)
the construction of buildings or structures and the installation of plant or machinery for the hydrocracker project are completed not later than the 31st December 1983; and
(b)
the total capital expenditure on industrial buildings or structures and on machinery or plant incurred by Shell Eastern Petroleum (Pte.) Ltd. on the hydrocracker project exceeds $300 million on 31st December 1983.
Subregulation 2
The Minister may waive any of the conditions referred to in sub-paragraph (1).
Regulation 4
Recovery of excess initial allowance
Where any of the conditions referred to in paragraph 3 is not satisfied and is not waived by the Minister, section 19A of the Act shall apply and the Comptroller shall be entitled to recover any initial allowance which has been made in excess of that allowable under that section.
Common questions
- What is Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order?
- Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-OR1 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order still in force?
- Yes — Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order is currently in force.
- When did Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order take effect?
- Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order was first recorded in 1947.
- How many regulations does Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order have?
- Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order contains 4 regulations.
- Where can I read the official version of Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order?
- The official text of Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order is published at sso.agc.gov.sg.