Singapore legislation

Section 34

Income of Board to be exempt from income tax, etc.

The Board shall be deemed to be —

(a)

an institution specified in the First Schedule to, and under section 13(1)(e) of, the Income Tax Act [Cap. 134]; and

(b)

an institution of a public character approved by the Minister for Finance for the purposes of section 37(2)(c) of the Income Tax Act.