Singapore legislation
Clause 20
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
Clause 20
Repeal and re-enactment of section 19L
Section 19L of the principal Act is repealed and the following section substituted therefor:“Recovery of tax subject to concessionary rate19L. Despite any other provision of this Part, the Comptroller may, subject to section 74 of the Income Tax Act (Cap. 134), make an assessment or additional assessment upon a company to make good any loss of tax, if it appears to the Comptroller that any income of the company ought not to have been taxed at a concessionary rate under section 19J or 19KA.”.