Singapore legislation
Regulation 53
of Income Tax (Exemption of Foreign Income) (Consolidation) Order
Regulation 53
Amended byS 83/97 — 7.3.97
Assab Pacific 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 23rd December 1996 addressed to the company.