Singapore legislation
Regulation 3
of Income Tax (Exemption of Foreign Income) (No. 2) Order 2012
Regulation 3
Exemption for COSL Boss Ltd, COSL Force Ltd, COSL Seeker Ltd and COSL Superior Ltd
Subregulation 1
COSL Boss Ltd, COSL Force Ltd, COSL Seeker Ltd and COSL Superior Ltd (hereinafter referred to as the companies) are hereby granted exemption from tax on the branch profits and service income received in Singapore in 2009 and 2010 from the companies’ China branch, Libya branch and Tunisia branch.
Subregulation 2
The exemption under sub-paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 31st October 2011 addressed to the companies.