•  Gazetted on 9 October 2023.
•  Amends the Income Tax (Exemption) (No. 20) Order 2007 [P.U. (A) 418/2007] as follows:

Amendments With effect from

1. P.U. (A) 418/2007 shall not apply to an IDR-Status Company that commences its qualifying activity in an approved node after 31 December 2024 [previously 31 December 2020]. 

Year of assessment 2021

2. The following have been added to the Schedule to P.U. (A) 418/2007 on sectors and their respective qualifying activities: - 

  • The qualifying activity "Wellness and assisted living" under the "Healthcare and related services" sector.
  • The "Digital business and services" sector with "Emerging digital technologies" qualifying activity.

1 January 2021

Note: P.U. (A) 418/2007 was previously amended by P.U. (A) 382/2018.

Reference:

Income Tax (Exemption) (No. 20) 2007 (Amendment) Order 2023 [P.U. (A) 304/2023]

 

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