Singapore legislation
Regulation 2
of Income Tax (Exemption of Foreign Income) (No. 5) Order 2012
Regulation 2
Exemption
Subregulation 1
Mercatus Retail Holdings Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore on or after 23rd October 2012 from ASPF II (Mauritius) Limited located in Mauritius.
Subregulation 2
The exemption under sub-paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 23rd October 2012 addressed to the tax agent of Mercatus Retail Holdings Pte. Ltd.