Investment Incentives Order, 2001 · As enacted · Part IX · International Trade Incentives
Section 68
Official textFrom Attorney General's Chambers, unchanged
Where during its tax relief period an international trading company carries on any trade or business which is distinct from the trade or business which includes its relevant export sales, separate accounts shall be maintained in respect of that distinct trade or business and in respect of the same accounting period, and the income from that distinct trade or business shall be computed and assessed in accordance with the provisions of the Income Tax Act with such adjustments as the Collector thinks reasonable and proper.
Computation of export income and exemption from tax.
Terms defined in this Act
Collector
Defined · s 3"Collector" means the Collector of Income Tax appointed under the Income Tax Act;
international trading company
Defined · s 63"international trading company" means a corilpany which has been issued with a certificate under section 64;
relevant export sales
Defined · s 63"relevant export sales" means the export sales of an international trading company in respect of qualifying manufactured goods and Brunei Darussalam domestic produce or in respect of qualifying commodities, as the case may be;
Part X
Foreign Loans for Productive Equipment
Part XI
Investment Allowances
Part XII
Part XIII