No. S 601
Income Tax Act
(Chapter 134)
Income Tax (Cash Grant for Research and Development Expenditure for Start-up Company) Regulations 2010
In exercise of the powers conferred by section 37H(12) of the Income Tax Act, the Minister for Finance hereby makes the following Regulations:
Citation and commencement
1.  These Regulations may be cited as the Income Tax (Cash Grant for Research and Development Expenditure for Start-up Company) Regulations 2010 and shall have effect for the year of assessment 2009 and subsequent years of assessment.
Reinstatement of expenditure or loss
2.  For the purposes of section 37H(12) of the Act, the amount by which the expenditure or loss referred to in section 37H(6) of the Act is to be increased following the recovery by the Comptroller of an amount of cash grant under section 37H(8) of the Act is an amount computed in accordance with the formula
where A is the amount of the cash grant recovered by the Comptroller.
Made this 18th day of October 2010.
PETER ONG
Permanent Secretary,
Ministry of Finance,
Singapore.
[MOF(R)R32.18.0001 V33; AG/LLRD/SL/134/2010/12 Vol. 1]
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