Is Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 still in force?

Yes — Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 is currently in force.

How many regulations does Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 have?

Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 contains 2 regulations.

/akn/sg/act/sub_leg/1947/ITA-S27-2015

Income Tax (Exemption of Foreign Income) (No. 2) Order 2015

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Type: Subsidiary Legislation
Status: In force
Enacted: 1947
Sections: 2

Quick answer

About this subsidiary legislation

Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S27-2015 1947, currently marked in force and first recorded in 1947.

Regulation 1

Citation

This Order may be cited as the Income Tax (Exemption of Foreign Income) (No. 2) Order 2015.

Regulation 2

Exemption

Amended byS 115/2016 wef 18/03/2016S 115/2016 wef 18/03/2016S 498/2016 wef 10/10/2016S 498/2016 wef 10/10/2016S 607/2017 wef 27/10/2017S 607/2017 wef 27/10/2017S 607/2017 wef 27/10/2017S 607/2017 wef 27/10/2017S 607/2017 wef 27/10/2017S 498/2016 wef 10/10/2016

Subregulation 1

Amended byS 115/2016 wef 18/03/2016S 115/2016 wef 18/03/2016S 498/2016 wef 10/10/2016S 498/2016 wef 10/10/2016S 607/2017 wef 27/10/2017S 607/2017 wef 27/10/2017

Rotary Engineering Limited is hereby granted exemption from tax on —

(a)

the dividends amounting to US$30 million received by it in Singapore in December 2014; (b)the dividends amounting to US$15 million to be received by it in Singapore by December 2015; (c)the dividends amounting to US$5 million received by it in Singapore in June 2016;

(d)

the dividends amounting to US$3 million received by it in Singapore in July 2016; and

(e)

the dividends amounting to US$7 million to be received by it in Singapore by December 2019,from Rotary Engineering Fujairah FTZ, a company incorporated in the United Arab Emirates.

Subregulation 2

Amended byS 607/2017 wef 27/10/2017S 607/2017 wef 27/10/2017S 607/2017 wef 27/10/2017S 498/2016 wef 10/10/2016

The exemption under sub‑paragraph (1) is subject to the condition that the representations to the Ministry of Finance made by Rotary Engineering Limited —

(a)

on 7 July 2014, 14 November 2014 and 27 August 2015 through its tax agent, Deloitte & Touche LLP, as summarised in the letters of approval dated 24 October 2014, 9 December 2014 and 9 October 2015 addressed to Deloitte & Touche LLP; (b)on 24 June 2016 and 18 July 2016 through its tax agent, BDO Tax Advisory Pte Ltd, as summarised in the letter of approval dated 20 September 2016 addressed to BDO Tax Advisory Pte Ltd; and

(c)

on 29 May 2017 through its tax agent, BDO Tax Advisory Pte Ltd, as summarised in the letter of approval dated 23 August 2017 addressed to BDO Tax Advisory Pte Ltd,are accurate.

Common questions

What is Income Tax (Exemption of Foreign Income) (No. 2) Order 2015?: Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S27-2015 1947, currently marked in force and first recorded in 1947.
Is Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 still in force?: Yes — Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 is currently in force.
When did Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 take effect?: Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 was first recorded in 1947.
How many regulations does Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 have?: Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 contains 2 regulations.
Where can I read the official version of Income Tax (Exemption of Foreign Income) (No. 2) Order 2015?: The official text of Income Tax (Exemption of Foreign Income) (No. 2) Order 2015 is published at sso.agc.gov.sg.