Regulation 1
Citation and commencement
This Order is the Income Tax (Exemption of Foreign Income) (No. 3) Order 2018 and is deemed to have come into operation on 10 May 2018.
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Income Tax (Exemption of Foreign Income) (No. 3) Order 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S325-2018 1947, currently marked in force and first recorded in 1947.
Citation and commencement
This Order is the Income Tax (Exemption of Foreign Income) (No. 3) Order 2018 and is deemed to have come into operation on 10 May 2018.
Exemption
Income comprising dividends that are received in Singapore by Pacific International Lines (Private) Limited (a company incorporated in Singapore) on or after 10 May 2018 from Pacific International Lines (United Arab Emirates) LLC (a company incorporated in the United Arab Emirates), is exempt from tax.
The exemption in sub‑paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 10 May 2018 addressed to Pacific International Lines (Private) Limited.
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