Singapore legislation
Regulation 8
of Income Tax (FLCT UK 1 Pte. Ltd., etc. — Section 13(12) Exemption) Order 2024
Regulation 8
Exemption for Frasers Commercial (UK) Sub. 1 Pte Ltd
Subregulation 1
Interest income received in Singapore by Frasers Commercial (UK) Sub. 1 Pte Ltd (a company incorporated in Singapore) from Farnborough 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.