Regulation 1
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) Order 2012.
/akn/sg/act/sub_leg/1947/ITA-S214-2012
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Quick answer
Income Tax (Exemption of Foreign Income) Order 2012 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S214-2012 1947, currently marked in force and first recorded in 1947.
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) Order 2012.
Exemption
Weatherford Holdings (Singapore) Pte. Ltd. is hereby granted exemption from tax on the dividends received in Singapore on 19th May 2011 and 29th December 2011 from Energy Ventures Far East Limited located in Hong Kong, being a company in which Weatherford Holdings (Singapore) Pte. Ltd. owns 100% of the total number of issued ordinary shares.
The exemption under sub-paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 17th April 2012 addressed to Weatherford Holdings (Singapore) Pte. Ltd.