Investment Incentives Order, 2001 · As enacted · Part VI
37. (1}
Official textFrom Attorney General's Chambers, unchanged
The tax relief period of an expanding service company shall-
{a) commence on its expansion day; or
expansion day
"expansion day", in relation to an expanding enterprise, means the date specified in its expansion certificate under subsection (4) or !5) of section 31;
{b) if the expansion day falls within the tax relief period specified in any certificate previously issued to the company for the same or similar qualifying activity under Part III, commence on the day immediately foliowing the expiry of that tax relief period, and shall continue for such period, not exceeding 11 years, as the Minister may, in his discretion, determine.
company
"company" means any company incorporated or registered in accordance with the provisions of any written law relating to companies; 1307 26th.
The Minister may, where he is satisfied that it is expedient in the public interest to do so and subject to such· terms and conditions as he may impose, extend the tax relief period of an expanding enterprise for such further period or periods, not exceeding 5 years at any one time, as he may determine, except that the tax relief period of the expanding enterprise shall not in the aggregate exceed 20 years.
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
Application of certain sections to expanding service company.
Terms defined in this Act
company
Defined · s 3"company" means any company incorporated or registered in accordance with the provisions of any written law relating to companies; 1307 26th.
expanding enterprise
Defined · s 3"expanding enterprise" means any company which has been approved by the Minister and to which an expansion certificate has been issued under section 31;
expansion day
Defined · s 3"expansion day", in relation to an expanding enterprise, means the date specified in its expansion certificate under subsection (4) or !5) of section 31;
Minister
Defined · s 3"Minister" means the Minister charged with the responsibility for industrial development;
qualifying activity
Defined · s 17"qualifying activity" means any of the following- {a} any engineering or technical services including laboratory, consultancy and research and development activities; {b) computer-based information and other computer related services; {c) the development or production of any industrial design; {d) services and activities which relate to the provision of leisure and recreation; {e) publishing services; {fJ services which relate to the provision of education; {g) medical services; {h) services and activities which relate to agricultural technology; {i} services and activities which relate to the provision of warehousing facilities; {j} services which relate to the organisation or management of exhibitions and conferences; {k} financial services; {l} business consultancy, management and professional services; {m} venture capital fund activity; {n} operation or management of any mass rapid transit system; {o} services provided by an auction house; {p} maintaining and operating a private museum; and {q} such other services or activities as the Minister may prescribe. Application for and issue and amendment of certificate for pioneer service company.
Part VII
Part VIII
Part IX
International Trade Incentives
Part X
Foreign Loans for Productive Equipment
Part XI
Investment Allowances
Part XII
Part XIII