Investment Incentives Order, 2001 · As enacted · Part II
10. For the purposes of the Income Tax Act and this Order, the Collector may direct that-
Official textFrom Attorney General's Chambers, unchanged
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{a)
any sums payable to a pioneer enterprise in any accounting period which, but for the provisions of this Order, might reasonably and properly have been expected to be payable, in the normal course of business, after the end of that period shall be treated -
pioneer enterprise
"pioneer enterprise" means any company which has been approved by the Minister and to which a pioneer certificate has been issued under section 5;
as not having been payable in that period but as having been payable on such date, after that period as the Collector thinks fit;
Collector
"Collector" means the Collector of Income Tax appointed under the Income Tax Act;
and
where that date is after the end of the tax relief period of the pioneer enterprise, as having been so payable, on that date, as a sum payable in respect of its new trade or business;
any expense incurred by a pioneer enterprise within one year after the end of its tax relief period which, but for the provisions of this Order, might reasonable and properly have been expected to be incurred, in the normal course of business, during its tax relief period shall be treated as not having been incurred within that year but as having been incurred-
for the purposes of its old trade or business; and jii)
old trade or business
"old trade or business" means the trade or business of a pioneer enterprise carried on by it during its tax relief period in accordance with section 8, and which either ceases within or is deemed, under that section, to cease at the end of that period;
on such date, during its tax relief period, as the Collector thinks fit.
Ascertainment of income in respect of old trade or business.
Terms defined in s 3
Collector
Defined · s 3"Collector" means the Collector of Income Tax appointed under the Income Tax Act;
new trade or business
Defined · s 3"new trade or business" means the trade or business of a pioneer enterprise deemed under section 8 to have been set up and commenced on the day following the end of its tax relief period;
old trade or business
Defined · s 3"old trade or business" means the trade or business of a pioneer enterprise carried on by it during its tax relief period in accordance with section 8, and which either ceases within or is deemed, under that section, to cease at the end of that period;
pioneer enterprise
Defined · s 3"pioneer enterprise" means any company which has been approved by the Minister and to which a pioneer certificate has been issued under section 5;
Part III
Part IV
Part VI
Part VII
Part VIII
Part IX
International Trade Incentives
Part X
Foreign Loans for Productive Equipment
Part XI
Investment Allowances
Part XII
Part XIII