Singapore legislation
Regulation 2
of Income Tax (Keystone Holdings (Global) Pte. Ltd. — Section 13(12) Exemption) Order 2020
Regulation 2
Exemption
Subregulation 1
Dividends received in Singapore by Keystone Holdings (Global) Pte. Ltd. (a company incorporated in Singapore) in the basis periods for the year of assessment 2021 and subsequent years of assessment from the following companies which are incorporated in Ireland, are exempt from tax:
(a)
Keystone 6 Ltd;
(b)
Keystone Capital (Ireland) Limited.
Subregulation 2
The exemption in sub-paragraph (1) is subject to the conditions specified in the letter of approval dated 13 October 2020 addressed to KPMG Services Pte. Ltd.