Singapore legislation
Regulation 27
of Income Tax (Exemption of Foreign Income) (Consolidation) Order
Regulation 27
Amended byS 8/92 — 3.1.92
Vikay Industrial Pte. Ltd. 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 15th November 1991 addressed to the company.