Regulation 1
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) Order 2007.
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Income Tax (Exemption of Foreign Income) Order 2007 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S366-2007 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 2007.
Exemption
United International Securities Ltd is hereby granted exemption from tax on the dividends received in Singapore from its subsidiaries in Korea (Daewoo Shipbuilding & Marine Engineering Co Ltd, KT&G Corporation) and Indonesia (P.T. Astra International Tbk, P.T. Telekomunikasi Indonesia Tbk), subject to the terms and conditions specified in the letter of approval dated 5th January 2007 addressed to the company.
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