Singapore Government
Singapore Budget 1998
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Budget 1998

  Part I: Review of The Economy  
 
 
 
 
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  Part II: The FY98 Budget  
 
 
 
 
 
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  ANNEXES  
 
 
 
 
 
 

 
 
Budget Speech 1998
   
 
 

Tax Changes For Companies

 

One-Year Accelerated Depreciation Allowance For Industrial Noise And Chemical Hazards Control

Noise and harmful chemicals are the two main occupational health hazards in industries. Exposure to excessive noise can cause hearing loss, while overexposure to harmful chemicals may result in poisoning and diseases. As Singapore continues to industrialise, more workers could be exposed to these hazards unless measures are taken to prevent them.

To encourage factories to implement effective measures to counter noise and chemical hazards, I have decided to allow expenditure on such measures to enjoy 100 per cent depreciation in the first year, provided that certain qualifying criteria relating to noise and chemical exposure levels are satisfied. This incentive will apply to expenditure incurred with effect from 1 January 1998. The scheme will be administered by the Ministry of Labour. Details of the guidelines and qualifying criteria for these incentives are set out in Annexes I and II.

 
 

 
   
 
 
   
     
 
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