Singapore legislation
Regulation 2
of Income Tax (Exemption of Foreign Income) (No. 2) Order 2017
Regulation 2
Exemption
Subregulation 1
The dividends described in sub‑paragraph (2) received in Singapore by 3M Singapore Pte Ltd (a company incorporated in Singapore) on or after 28 February 2017 from 3M International Investment BV (a company incorporated in the Netherlands), are exempt from tax.
Subregulation 2
Sub‑paragraph (1) applies to dividends derived from dividends received by 3M International Investment BV from 3M Inovasyon Uranleri Sanayi ve Ticaret Limited (a company incorporated in Turkey).
Subregulation 3
The exemption in sub‑paragraph (1) is subject to the conditions specified in paragraphs 8 and 9(a) of the letter of approval dated 28 February 2017 addressed to 3M Singapore Pte Ltd.