Economic Expansion Incentives (Relief from Income Tax) (Qualifying Activity) Regulations 2003

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Published in Subsidiary Legislation Supplement
on 26 Jun 2003

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No. S 302

Economic Expansion Incentives (Relief from Income Tax) Act

(Chapter 86)

Economic Expansion Incentives (Relief from Income Tax) (Qualifying Activity) Regulations 2003

In exercise of the powers conferred by section 108(2) of the Economic Expansion Incentives (Relief from Income Tax) Act, the Minister for Trade and Industry hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Economic Expansion Incentives (Relief from Income Tax) (Qualifying Activity) Regulations 2003 and shall have effect for the year of assessment 1999 and subsequent years of assessment.

Qualifying activities

2.—(1) The services and activities set out in Part I of the Schedule are hereby prescribed as services and activities under paragraph (d) of the definition of “qualifying activity” in section 16 of the Act.

(2) The services and activities set out in Part II of the Schedule are hereby prescribed as services and activities under paragraph (c) of the definition of “qualifying activity” in section 19I of the Act.

Revocation

3. The Economic Expansion Incentives (Relief from Income Tax) (Qualifying Activity) Regulations (Rg 2) are revoked.

Made this 20th day of June 2003.

HENG SWEE KEAT

Permanent Secretary,
Ministry of Trade and Industry,
Singapore.

[MTI 66/1-08 Vol. 18; AG/LEG/SL/86/2002/1 Vol. 1]

(To be presented to Parliament under section 108(4) of the Economic Expansion Incentives (Relief from Income Tax) Act).