Singapore legislation
Regulation 32
of Income Tax (Exemption of Foreign Income) (Consolidation) Order
Regulation 32
Amended byS 337/92 — 24.7.92
Clipsal Industries 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 10th June 1992 addressed to the company.