| Income Tax Act |
(Chapter 134, Section 19(1))
| Income Tax (Initial Allowance in Respect of Bp Singapore Pte. Ltd., Caltex Operations Ltd. and Singapore Petroleum Co. Pte. Ltd. Joint-venture Catalytic Reformer and Visbreaker Projects) Order |
| O 4 |
| G.N. No. S 181/1982 |
| REVISED EDITION 1990 |
| (25th March 1992) |
| [25th June 1982] |
| Citation |
| 1. This Order may be cited as the Income Tax (Initial Allowance in respect of BP Singapore Pte. Ltd., Caltex Operations Ltd. and Singapore Petroleum Co. Pte. Ltd. Joint-Venture Catalytic Reformer and Visbreaker Projects) Order and shall apply from the year of assessment 1982 and subsequent years of assessment. |
| Initial allowance |
| 2. Subject to paragraph 3, the initial allowance to be made under section 19(1) of the Act in respect of BP Singapore Pte. Ltd., Caltex Operations Ltd. and Singapore Petroleum Co. Pte. Ltd. Joint-Venture Catalytic Reformer and Visbreaker Projects shall be equal to 100% of the capital expenditure incurred on the provision of machinery or plant by BP Singapore Pte. Ltd., Caltex Operations Ltd. and Singapore Petroleum Co. Pte. Ltd. solely for the catalytic reformer and visbreaker projects. |
| Application of initial allowance |
| Recovery of excess initial allowance |
| 4. Where any condition specified 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. |
[G.N. No. S 181/1982]