Section 44F

For each year of assessment, the Comptroller shall issue to an export service company or firm a statement for that year of assessment showing the amount of income ascertained under section 44E(2) which will qualify for the relief provided by this section, and Parts XVII and XVIII of the Income Tax Act (Cap. 134) (relating to objections and appeals) shall apply, with the necessary modifications, as if that statement were a notice of assessment given under those provisions.

Subject to section 40(6), where any statement issued under subsection (1) has become final and conclusive, 90% of the amount of the qualifying income referred to in subsection (1) shall not form part of the statutory income of the export service company or firm for the year of assessment to which the income relates and shall be exempt from tax.