Singapore legislation
Regulation 7
of Income Tax (FLCT UK 1 Pte. Ltd., etc. — Section 13(12) Exemption) Order 2024
Regulation 7
Exemption for FLCT UK Pte. Ltd.
Subregulation 1
Interest income received in Singapore by FLCT UK Pte. Ltd. (a company incorporated in Singapore) from Maxis Business Park Limited (a company incorporated in Jersey) on or after 18 April 2023, is exempt from tax.
Subregulation 2
The exemption in sub‑paragraph (1) is subject to the terms and conditions specified in the letters from the Ministry of Finance with the dates “19 Apr 2023 (Revised on 3 May 2023)” and “11 Apr 2024” and addressed to EY Corporate Advisors Pte. Ltd.