Singapore legislation
Section 13
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 13
Exemption from income tax
(1)
Subject to section 14(6), where any statement issued under section 12 has become final and conclusive, the amount of the income shown by the statement shall not form part of the statutory income of the pioneer enterprise for any year of assessment and shall be exempt from tax.
(2)
The Comptroller may, in his discretion and before such a statement has become final and conclusive, declare that a specified part of the amount of such income is not in dispute and such an undisputed amount of income is exempt from tax, pending such a statement becoming final and conclusive.