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
No comments:
Post a Comment