Singapore legislation
Regulation 2
of Income Tax (Graminvest Pte Ltd — Section 13(12) Exemption) Order 2020
Regulation 2
Exemption
Subregulation 1
Dividend income received in Singapore by Graminvest Pte Ltd (a company incorporated in Singapore) from Overseas Trade Industrial Limited (a company incorporated in Hong Kong) in the basis year for the year of assessment 2018 is exempt from tax.
Subregulation 2
The exemption in sub-paragraph (1) is subject to the conditions specified in the letter of approval dated 19 June 2019 addressed to RSM Tax Pte Ltd.