Singapore legislation
Clause 13
of Economic Expansion Incentives (Relief from Income Tax) Bill
Clause 13
Exemption from income tax
Subject to subsection (6) of section 14 of this Act, where any statement issued under section 12 of this Act has become final and conclusive the amount of the income shown by such statement shall not form part of the statutory income of the pioneer enterprise for any year of assessment and shall be exempt from tax:Provided that 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 undisputed amount of income shall be exempt from tax, pending such a statement becoming final and conclusive.