Cap. 325 Art. 10Training costs allowance.

(1) Subject to the provisions of subarticle (2), where the

Corporation is satisfied that a training programme approved by it after the coming into force of this Act can increase the skill and expertise of the employees of a qualifying company, the Corporation shall issue a certificate accordingly and the company shall be entitled to deduct one hundred and twenty per cent of the actual expenditure incurred by it in organising the training programme in the computation of its total income for the purposes of the Income Tax Act:

Provided that where the Corporation is satisfied that any training programme caters wholly or mainly for handicapped persons, the deduction shall be one hundred and fifty per cent of the expenditure.

(2) The total deductions due to a company for any year of assessment under the provisions of this article shall not exceed one-twentieth of the total sum paid by the company for that year by way of wages, salaries and other emoluments.

(3) With effect from such date as may be determined by the * Minister by order in the Gazette , the Corporation shall no longer grant approvals under the provisions of this article, provided that such provisions shall continue to apply to training programmes approved by the Corporation prior to that date even if the expenditure to which this article applies is incurred after such date.