Investment Incentives Order, 2001 · As enacted · Part VIII
62. Deduction of allowances and losses
Official textFrom Attorney General's Chambers, unchanged
The Minister may by regulations provide, in relation to an export service company, for the deduction of -
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
(a} any unabsorbed allowances provided for under sections 13 to 18 of the
Income Tax Act attributable to income derived from qualifying services by it during its tax relief period otherwise than in accordance with section 20 of that Act; and
losses incurred by it during its tax relief period otherwise than in accordance with subsection (2) of section 30 of the Income Tax Act.
1342
Terms defined in this Act
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