Singapore legislation

Section 91

of Economic Expansion Incentives (Relief from Income Tax) Act

Section 91

Recovery of tax exempted

Amended by1/95

Notwithstanding any other provisions of this Part, where it appears to the Comptroller that —

(a)

any amount of exempted income of a consultancy company or a consultancy firm; or

(b)

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 88) or the revocation under section 99 of the certificate issued under section 86 to the consultancy company or the consultancy firm, the Comptroller may subject to section 74 of the Income Tax Act (Cap. 134) —

(i)

make such assessment or additional assessment upon the company or firm or any such shareholder or partner as may appear to be necessary in order to recover such tax as may have been exempted under this Part; or

(ii)

direct the company to debit its tax exempt account with such amount as the circumstances may require.

Read in full context — Economic Expansion Incentives (Relief from Income Tax) Act →