Regulation 1
Citation
This Order is the Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023.
/akn/sg/act/sub_leg/1947/ITA-S664-2023
Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S664-2023 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemptions
Subregulation 1
Dividend income received in Singapore by Monat Global Wealth Pte. Ltd. (a company incorporated in Singapore) in the basis periods for the year of assessment 2022 and subsequent years of assessment from Charles Monat Limited (a company incorporated in Hong Kong), which is in turn derived from the profits of Charles Monat Associates Pte. Ltd. (a company incorporated in Singapore), is exempt from tax.
Subregulation 2
Dividend income received in Singapore by Monat Global Wealth Pte. Ltd. in the basis periods for the year of assessment 2020 and subsequent years of assessment from Charles Monat Limited, which is in turn derived from the profits of the following entities, is exempt from tax:
(a)
Charles Monat Associates Limited (a company incorporated in Hong Kong);
(b)
Charles Monat Agency Limited (a company incorporated in Hong Kong).
Subregulation 3
The exemptions in sub‑paragraphs (1) and (2) are subject to the conditions specified in the letter from the Ministry of Finance dated 28 March 2023 and addressed to KPMG Services Pte. Ltd.
Common questions
- What is Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023?
- Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S664-2023 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023 still in force?
- Yes — Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023 is currently in force.
- When did Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023 take effect?
- Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023 was first recorded in 1947.
- How many regulations does Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023 have?
- Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023 contains 2 regulations.
- Where can I read the official version of Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023?
- The official text of Income Tax (Monat Global Wealth Pte. Ltd. — Section 13(12) Exemption) Order 2023 is published at sso.agc.gov.sg.