INCOME TAX (PROMOTION OF EXPORTS) (AMENDMENT) RULES 2001


INCOME TAX (PROMOTION OF EXPORTS) (AMENDMENT) RULES 2001

 

 

In exercise of the powers conferred by subsection 41(3) of the Promotion of Investments Act 1986 [Act 327], the Minister makes the following rules:

                                                                                                                                                                                                                                   

Citation and commencement

 

1.      These rules may be cited as the Income Tax (Promotion of Exports) (Amendment) Rules 2001 and shall be deemed to have come into operation on 1 January 2001.

 

Amendment of paragraph 4(2)

 

2.      The Income Tax (Promotion of Exports) Rules 1986, contained in the Schedule to the Act, are amended in paragraph 4(2) -

 

(a)     by substituting for the full stop at the end of subparagraph (j) a semicolon; and

 

(b)     by inserting after subparagraph (j) the following subparagraph:

 

"(k) professional fees incurred in packaging design on condition that the goods are of export quality and the company employs local professional services. ".

 

Made 24 May 2001.

[CR(8. 20) 116/1-138 (2001) Vol. 3 (Sk. 1) (3) ; PN(PU2) 451/V]

 

              On behalf and in the name of the Minister of Finance,

 

CHAN KONG CHOY

Deputy Minister of Finance

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