s 43 Capital expenditure investment allowance
43.—(1) Where a company proposes to carry out a project —(a) for the manufacture or increased manufacture of any product; (b) for the provision of specialised engineering or technical services; (c) for research and development; (d) for construction operations; (e) for reducing the consumption of water; (f) in relation to any qualifying activity as defined in section 16; (g) for the promotion of the tourist industry (other than a hotel) in Singapore; (h) for the operation of any space satellite; (i) [Deleted by Act 39 of 2023 wef 29/12/2023] (j) for improving energy efficiency;[Act 9 of 2022 wef 01/04/2021] (k) for the construction and operation by the company of any submarine cable system with one or more landing stations in Singapore, and any such landing station; [Act 9 of 2022 wef 01/04/2021] [Act 41 of 2024 wef 25/12/2024] (l) for reducing greenhouse gas emissions; or[Act 41 of 2024 wef 25/12/2024] (m) for such other activity as may be prescribed,[Act 41 of 2024 wef 25/12/2024] the company may apply in the prescribed form to the Minister for the approval of an investment allowance in respect of the fixed capital expenditure for the project. [14/2007; 33/2010; 20/2020] [Act 9 of 2022 wef 01/04/2021] (1A) Where a project is prescribed for the purposes of subsection (1)(m), the regulations may further provide that approval under this section may not be granted to any company in respect of the project after a prescribed date.[Act 41 of 2024 wef 25/12/2024] (2) Where the Minister considers it expedient, having regard to the economic, technical and other merits of the project, the Minister may approve the project and issue the company with a certificate which qualifies the company for an investment allowance as stipulated in the certificate in respect of the fixed capital expenditure for the approved project subject to such terms and conditions as the Minister thinks fit. (3) For the purposes of subsection (2), the Minister may approve any investment allowance in respect of the fixed capital expenditure to be incurred on any productive equipment to be used outside Singapore for any project under subsection (1)(h) or (k).[14/2007; 20/2020] [Act 39 of 2023 wef 29/12/2023] (4) Every certificate issued under this section must specify a date as the investment day from which the company is entitled to an investment allowance under this Part. (5) The Minister may upon the application of a company, amend its certificate by substituting for the investment day specified therein such earlier or later date as the Minister thinks fit and thereupon the provisions of this Part have effect as if the date so substituted were the investment day in relation to that certificate. (6) [Deleted by Act 39 of 2023 wef 29/12/2023] (7) Approval under this section may only be granted during the period from and including 1 April 2010 up to and including 31 December 2026 or such earlier date as may be prescribed to any company in respect of any project under subsection (1)(j).[Act 9 of 2022 wef 01/04/2021] [Act 41 of 2024 wef 25/12/2024] (8) Approval under this section may not be granted to any company in respect of any project under subsection (1)(a) to (h) on or after 1 January 2029 or such earlier date as may be prescribed.[11/2016] [Act 39 of 2023 wef 29/12/2023] [Act 41 of 2024 wef 25/12/2024] (9) Approval under this section may only be granted during the period from and including 20 February 2018 up to and including 31 December 2028 or such earlier date as may be prescribed to a company in respect of any fixed capital expenditure incurred by the company on or after 20 February 2018 on a submarine cable system or a landing station mentioned in subsection (1)(k), for a project under that subsection.[Act 39 of 2023 wef 29/12/2023] [20/2020] [Act 41 of 2024 wef 25/12/2024] (10) Approval under this section may only be granted during the period from and including 1 April 2021 up to and including 31 December 2026 or such earlier date as may be prescribed to a company in respect of any fixed capital expenditure incurred by the company on or after 1 April 2021 on a project mentioned in subsection (1)(l).[67 [Act 9 of 2022 wef 01/04/2021] [Act 41 of 2024 wef 25/12/2024]