No. S 601
Income Tax Act
Income Tax (Cash Grant for Research and Development Expenditure for Start-up Company) Regulations 2010
1. These Regulations may be cited as the Income Tax (Cash Grant for Research and Development Expenditure for Start-up Company) Regulations 2010 and shall have effect for the year of assessment 2009 and subsequent years of assessment.
2. For the purposes of section 37H(12) of the Act, the amount by which the expenditure or loss referred to in section 37H(6) of the Act is to be increased following the recovery by the Comptroller of an amount of cash grant under section 37H(8) of the Act is an amount computed in accordance with the formula
where A is the amount of the cash grant recovered by the Comptroller.
[MOF(R)R32.18.0001 V33; AG/LLRD/SL/134/2010/12 Vol. 1]