Singapore legislation
Section 44I
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 44I
Deduction of allowances and losses
Amended by22/87
The Minister may by regulations provide, in relation to an export service company or firm, for the deduction of —
(a)
any unabsorbed allowances provided for under sections 16 to 22 of the Income Tax Act attributable to income derived from qualifying services by it during its tax relief period otherwise than in accordance with section 23 of that Act; and
(b)
losses incurred by it during its tax relief period otherwise than in accordance with section 37(2) of the Income Tax Act.