Singapore legislation

Regulation 4

of Income Tax (Exemption of Foreign Income) Order 2006

Regulation 4

Exemption for Hemliner Pte Ltd and Glenwood Properties Pte Ltd

Hemliner Pte Ltd and Glenwood Properties Pte Ltd shall, with effect from 8th February 2006, be exempt from tax on any interest derived from outside Singapore and received in Singapore, subject to the conditions specified in the letter of approval dated 8th February 2006 addressed to their tax agent.