Investment Incentives Order, 2001 · As enacted · Part VIII
56. (1)
Official textFrom Attorney General's Chambers, unchanged
Where a company is engaged in any qualifying service, the company may apply in the prescribed form to the Minister for approval as an export service company.
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 if he considers it expedient in the public interest to do so, approve the application and issue the company with a certificate, subject to such terms and conditions as he may impose.
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
Every certificate issued to an export service company under this section shall specify -
export service company
"export service company" means a company which has been issued with a certificate under subsection (2) of section 56;
a date as the commencement day from which the company shall be entitled to tax relief under this Part;
its qualifying services; and
its base amount of income for the purpose of subsection (2) of section 59.
j4J
The Minister may, in his discretion, upon the application of an export service company, amend its certificate by substituting for the commencement day specified therein such earlier.•or later date as he thinks fit and thereupon the provisions of this Part shall have effect as if the date so substituted were the commencement day in relation to that certificate.
Tax relief period of export service company.
Terms defined in this Act
commencement day
Defined · s 17"commencement day", in relation to a pioneer service company, means the date specified under subsection (3) or (4) of section 18 in the certificate issued to that company under that section;
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.
export service company
Defined · s 55"export service company" means a company which has been issued with a certificate under subsection (2) of section 56;
Minister
Defined · s 3"Minister" means the Minister charged with the responsibility for industrial development;
qualifying services
Defined · s 55"qualifying services" means any of the following services undertaken with resp,ect to overseas projects for persons who are neither residents of nor permanent establishments in Brunei Darussalam- (a) technical services including construction, distribution, design and engineering services; (b) Consultancy, management, supervisory or advisory services relating to any technical matter or to any trade or business; (c) fabrication of machinery and equipment and procurement of materials, components an equipment; (d) data processing, programming, computer software development, telecommunications and other computer services; (e) professional services including accounting, legal, medical and architectural services; (f) educational and training services; and (g) any other services as the Minister may prescribe. Application for and issue of certificate to export service company.
Part IX
International Trade Incentives
Part X
Foreign Loans for Productive Equipment
Part XI
Investment Allowances
Part XII
Part XIII