Singapore legislation
Section 83
of Economic Expansion Incentives (Relief from Income Tax) Act
Section 83
Recovery of tax exempted
Notwithstanding any other provisions of this Part, where it appears to the Comptroller that —
any amount of exempted income of a warehousing company or a servicing company; or
any dividend exempted in the hands of any shareholder,ought not to have been exempted by reason of a direction made under section 48 (as made applicable by section 79) or the revocation under section 99 of the certificate issued under section 76 to the warehousing company or the servicing company, the Comptroller may subject to section 74 of the Income Tax Act (Cap. 134) —
make such assessment or additional assessment upon the company or any such shareholder as may appear to be necessary in order to recover such tax as may have been exempted under this Part; or
direct the company to debit its tax exempt account with such amount as the circumstances may require.