Singapore legislation
Regulation 22
of Income Tax (Exemption of Foreign Income) (Consolidation) Order
Regulation 22
Amended byS 144/91 — 28.3.91
Stelux Watch Holdings Limited is hereby granted exemption from tax on the dividends received in Singapore by the company from approved investments in countries outside Singapore, subject to the terms and conditions specified in the letter of approval dated 7th February 1991 addressed to the company.