Section 11D
Further deduction for expenditure on research and development project
(1)
Subject to this section, where the Collector is satisfied that —
(a)
a person carrying on a manufacturing trade or business has incurred expenditure on or after 1st January 2001 in undertaking directly by himself, or in paying a research and development company to undertake on his behalf, an approved research and development project in Brunei Darussalam which is related to that trade or business;
(b)
a research and development company has incurred expenditure on or after 1st January 2001 in undertaking an approved research and development project in Brunei Darussalam and no deduction under this section has been allowed to another person in respect of any expenditure for that project or for another project of which that project forms a part; or
(c)
a person carrying on a trade or business for the provision of any specified services has incurred expenditure on or after 1st January 2001 in undertaking directly by himself, or in paying a research and development company to undertake on his
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behalf, an approved research and development project in
Brunei Darussalam which is related to that trade or business, there shall be allowed to that person or research and development company a further deduction of the amount of such expenditure in addition to the deduction allowed under section 11 or 11C.
(2)
The Minister may —
(a)
specify the maximum amount of the expenditure or any item thereof, incurred to be allowed under subsection (1);
(b)
impose such conditions as he thinks fit when approving the research and development project; and
(c)
specify the period or periods for which deduction is to be allowed under this section.
(3)
No deduction shall be allowed under this section in respect of any expenditure which is not allowed under section 11 or 11C.
(4)
In this section —
“approved” means approved by the Minister charged with the responsibility for industrial development;
“specified services” has the same meaning as in section 11C.