Regulation 1
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) (No. 2) Order 2002.
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Income Tax (Exemption of Foreign Income) (No. 2) Order 2002 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S617-2002 1947, currently marked in force and first recorded in 1947.
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) (No. 2) Order 2002.
Exemption
Singapore Aircraft Leasing Enterprise (S.A.L.E) is hereby granted a 10% concessionary tax rate on the dividends received in Singapore from Pacific Leasing Ltd and Stamford Leasing Ltd, subject to the terms and conditions specified in the letter of approval dated 22nd November 2002 addressed to the company.
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