47. Rate of income tax on qualified export profits and income of a company which carries on any specified undertaking

Where any company, commenced prior to November 10, 1993, to carry on any specified undertaking and the taxable income of that company for any year of assessment commencing prior to April 1, 2015, includes any qualified export profits and income from such specified undertaking, such part of such taxable income as consists of such qualified export profits and income, shall, notwithstanding anything to the contrary in this Act, be chargeable with income tax at the rate of fifteen per centum.