Is Income Tax (Exemption of Foreign Income) Order 2015 still in force?

Yes — Income Tax (Exemption of Foreign Income) Order 2015 is currently in force.

How many regulations does Income Tax (Exemption of Foreign Income) Order 2015 have?

Income Tax (Exemption of Foreign Income) Order 2015 contains 2 regulations.

/akn/sg/act/sub_leg/1947/ITA-S26-2015

Income Tax (Exemption of Foreign Income) Order 2015

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Type: Subsidiary Legislation
Status: In force
Enacted: 1947
Sections: 2

Quick answer

About this subsidiary legislation

Income Tax (Exemption of Foreign Income) Order 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S26-2015 1947, currently marked in force and first recorded in 1947.

Regulation 1

Citation

This Order may be cited as the Income Tax (Exemption of Foreign Income) Order 2015.

Regulation 2

Exemption

Amended byS 497/2016 wef 10/10/2016

Subregulation 1

Income comprising the following is exempt from tax:

(a)

dividends described in sub-paragraph (2) that are received in Singapore by Berger International Private Limited (a company incorporated in Singapore) on or after 17 November 2014 from Enterprise Paints Limited, Universal Paints Limited and Nirvana Investment Limited (companies incorporated in the Isle of Man);

(b)

dividends received in Singapore by Berger International Private Limited on or after 20 September 2016 from Asian Paints (Middle East) LLC (a company incorporated in Oman).

Subregulation 2

Sub-paragraph (1)(a) applies to dividends derived from dividends received by Enterprise Paints Limited, Universal Paints Limited and Nirvana Investment Limited from Berger Paints Bahrain W.L.L. (a company incorporated in Bahrain) and Berger Paints Emirates LLC (a company incorporated in Dubai).

Subregulation 3

The exemption from tax on income mentioned in sub-paragraph (1)(a) is subject to the terms and conditions specified in the letter of approval dated 17 November 2014 addressed to the tax agent of Berger International Private Limited.

Subregulation 4

The exemption from tax on income mentioned in sub-paragraph (1)(b) is subject to the terms and conditions specified in the letter of approval dated 20 September 2016 addressed to the tax agent of Berger International Private Limited.

Common questions

What is Income Tax (Exemption of Foreign Income) Order 2015?: Income Tax (Exemption of Foreign Income) Order 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S26-2015 1947, currently marked in force and first recorded in 1947.
Is Income Tax (Exemption of Foreign Income) Order 2015 still in force?: Yes — Income Tax (Exemption of Foreign Income) Order 2015 is currently in force.
When did Income Tax (Exemption of Foreign Income) Order 2015 take effect?: Income Tax (Exemption of Foreign Income) Order 2015 was first recorded in 1947.
How many regulations does Income Tax (Exemption of Foreign Income) Order 2015 have?: Income Tax (Exemption of Foreign Income) Order 2015 contains 2 regulations.
Where can I read the official version of Income Tax (Exemption of Foreign Income) Order 2015?: The official text of Income Tax (Exemption of Foreign Income) Order 2015 is published at sso.agc.gov.sg.