Regulation 1
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) Order 2005.
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Income Tax (Exemption of Foreign Income) Order 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S379-2005 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 2005.
Exemption
Singapore Telecommunications Limited is hereby granted exemption from tax on the foreign dividends received in Singapore by the company from a country outside Singapore, arising from the company’s disposal of its interest in Belgacom S.A. in Belgium, subject to the condition specified in the letter of approval dated 30th March 2004 addressed to the company.
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