Singapore legislation
Regulation 2
of Income Tax (Wan Hai International Pte. Ltd. — Section 13(12) Exemption) Order 2023
Regulation 2
Exemption
Subregulation 1
Dividend income received in Singapore by Wan Hai International Pte. Ltd. (a company incorporated in Singapore) from Wan Hai Lines (United Arab Emirates) LLC (a company incorporated in the United Arab Emirates) during the period from 21 June 2022 to 31 May 2026 (both dates inclusive) is exempt from tax.
Subregulation 2
The exemption in sub-paragraph (1) is subject to the conditions specified in the letter from the Ministry of Finance dated 1 February 2023 addressed to Wan Hai International Pte. Ltd.