Prescribed offshore infrastructure asset or project
3.  The offshore infrastructure asset or project prescribed for the purposes of section 43S of the Act is any infrastructure asset and project —
(a)of the kind prescribed in the Income Tax (Qualifying Project Debt Securities) Regulations 2008 (G.N. No. S 315/2008) for the purposes of paragraph (b) of the definition of “qualifying project debt securities” in section 13(16) of the Act; and
(b)which is situated in any territory outside Singapore.
[S 932/2022 wef 31/12/2021]