Singapore legislation

Regulation 3

of Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order

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).

Read in full context — Income Tax (Initial Allowance in respect of Shell Eastern Petroleum (Pte.) Ltd. Hydrocracker Project) Order →