Singapore legislation
Regulation 47
of Income Tax (Exemption of Foreign Income) (Consolidation) Order
Regulation 47
Amended byS 104/96 — 15.3.96
GPE Industries 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 26th October 1995 addressed to the company.