Singapore legislation

Regulation 2

of Income Tax (Exemption of Foreign Income) Order 2017

Regulation 2

Exemption

Subregulation 1

The dividends of US$1,500,000 received in Singapore by ST‑Airport Services Pte Ltd on 24 October 2016 from its subsidiary, ST‑Airport Services (Timor‑Leste) Lda (a company incorporated in Timor‑Leste), are exempt from tax.

Subregulation 2

The exemption in sub‑paragraph (1) is subject to the condition in paragraph 4 of the letter of approval dated 27 September 2016 addressed to PricewaterhouseCoopers Singapore Pte Ltd, on behalf of ST‑Airport Services Pte Ltd.

Read in full context — Income Tax (Exemption of Foreign Income) Order 2017 →