3. In the Income Tax (Concessionary Rate of Tax for Intellectual Property Income) Regulations 2021 —| (a) | in regulation 2(1), in the definition of “elected qualifying IPR”, replace “section 43ZI(7) or (8)” with “section 43X(7) or (8)”; | | (b) | in regulation 2(1), in the definition of “qualifying intellectual property right” or “qualifying IPR”, in paragraph (a), replace “(Cap. 221)” with “1994”; | | (c) | in the following provisions, after “Patents Act”, insert “1994”:| Regulation 2(1), definition of “qualifying intellectual property right” or “qualifying IPR”, paragraph (b) |
| Regulation 2(3)(b)(iii) and (c)(iii); |
| | (d) | in regulation 3(1), replace “section 43ZI(5)” with “section 43X(5)”; | | (e) | in the following provisions, replace “section 43ZI” with “section 43X”: | | (f) | in regulation 5(1)(a) and (3)(a) and (d), replace “section 43ZI(1)” with “section 43X(1)”; | | (g) | in the Schedule, in Part 2, in Division 1, in paragraph 8(a), replace “(Cap. 86)” with “1967”; | | (h) | in the following provisions, replace “section 19” with “section 18”:| The Schedule, Part 2, Division 1, paragraph 8(a) |
| The Schedule, Part 2, Division 2, paragraph 2(a); |
| | (i) | in the following provisions, replace “section 19J” with “section 21”:| The Schedule, Part 2, Division 1, paragraph 8(b) |
| The Schedule, Part 2, Division 2, paragraph 2(b); and |
| | (j) | in the Schedule, in Part 2, in Division 2, in paragraph 2(a), after “Economic Expansion Incentives (Relief from Income Tax) Act”, insert “1967”. |
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