Singapore legislation
Regulation 40
of Income Tax (Exemption of Foreign Income) (Consolidation) Order
Regulation 40
Amended byS 169/93 — 7.5.93
International Factors (Singapore) Ltd. is hereby granted exemption from income tax on the dividends received from its overseas subsidiary, subject to the terms and conditions specified in the letter of approval dated 7th April 1993 addressed to the company.