Singapore legislation
Regulation 2
of Income Tax (Exemption of Foreign Income) (No. 15) Order 2017
Regulation 2
Exemption
Subregulation 1
The dividends of US$481,500 received in Singapore by ST‑Airport Services Pte Ltd on 30 June 2017 from its subsidiary, ST‑Airport Services (Timor‑Leste) Lda (a company incorporated in Timor‑Leste), are exempt from tax.
Subregulation 2
The exemption in sub‑paragraph (1) is subject to the condition in paragraph 4 of the letter of approval dated 5 June 2017 addressed to ST‑Airport Services Pte Ltd.