Singapore legislation
Regulation 2
of Income Tax (Exemption of Foreign Income — REITs and Other Special Cases) Order 2006
Regulation 2
Exemption of dividends, etc., derived from any territory outside Singapore and received by resident in Singapore
Subregulation 1
Subject to sub-paragraph (2), there shall be exempt from tax —
any dividend derived from any territory outside Singapore;
any profit derived from any trade or business carried on by a branch in any territory outside Singapore of a company resident in Singapore; and
any income derived from outside Singapore from any professional, consultancy or other services rendered in any territory outside Singapore,which is received in Singapore by a person resident in Singapore and which is not exempt from tax under section 13(8) of the Act.
Subregulation 2
The exemption under sub-paragraph (1) is subject to the conditions specified by the Minister to the Inland Revenue Authority of Singapore, which are set out and explained for general information in the edition of the e-tax guide “Income Tax: Tax Exemption under Section 13(12) for Specified Scenarios, Real Estate Investment Trusts and Qualifying Offshore Infrastructure Project/Asset” published by the Inland Revenue Authority of Singapore, that is in force on the date the income concerned is received in Singapore.