Singapore legislation
Regulation 2
of Income Tax (Exemption of Foreign Income) (No. 2) Order 2002
Regulation 2
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.