Section 486C of the Principal Act is amended -

(a) in subsection (1)(a), by the substitution of the following definition for the definition of "relevant period":

"'relevant period', in relation to a qualifying trade, means the period beginning on the day the company commences to carry on the qualifying trade and ending -

(i) 5 years after that date where the company commences to carry on the qualifying trade on or after 1 January 2018, or

(ii) 3 years after that date in all other cases;",

and

(b) in subsection (2)(a), by the substitution of "31 December 2026" for "31 December 2021".