Singapore legislation
Regulation 2
of Income Tax (Singapore Investments (Pte) Limited — Section 13(12) Exemption) Order 2021
Regulation 2
Exemption
Subregulation 1
Income comprising dividends amounting to $21,025,368 that is received in Singapore by Singapore Investments (Pte) Limited (a company incorporated in Singapore) from Kota Trading Company Sendirian Berhad (a company incorporated in Malaysia) in the basis period for the year of assessment 2018 is exempt from tax.
Subregulation 2
The exemption in sub‑paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 27 July 2021 addressed to EY Corporate Advisors Pte. Ltd.