Regulation 1
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) Order 2003.
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Income Tax (Exemption of Foreign Income) Order 2003 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S392-2003 1947, currently marked in force and first recorded in 1947.
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) Order 2003.
Exemption
Fortune Real Estate Investment Trust is hereby granted exemption from tax on the dividends received in Singapore from the BVI-incorporated real property owning companies, subject to the terms and conditions specified in the letter of approval dated 10th June 2003 addressed to the company.
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