Singapore legislation

Regulation 2

of Income Tax (Exemption of Foreign Income) (No. 14) Order 2017

Regulation 2

Exemption

Subregulation 1

Dividends received in Singapore by Keystone Holdings (Global) Pte. Ltd. (a company incorporated in Singapore) on or after 4 September 2017 from the following companies which are incorporated in Ireland, are exempt from tax:

(a)

Keystone 3 Limited; (b)Keystone 4 Limited.

Subregulation 2

The exemption in sub‑paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 4 September 2017 addressed to the tax agent of Keystone Holdings (Global) Pte. Ltd.