Singapore legislation
Regulation 2
of Income Tax (Exemption of Foreign Income) (No. 3) Order 2014
Regulation 2
Exemption
Subregulation 1
MD Aviation Capital Pte Ltd is hereby granted exemption from tax on the dividends received in Singapore on or after 26th September 2013 from MDAC Malta Limited, a company located in Malta.
Subregulation 2
The exemption under sub‑paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 19th February 2014 addressed to MD Aviation Capital Pte Ltd.