Singapore legislation
Regulation 2
of Income Tax (Exemption of Foreign Income) (No. 2) Order 2016
Regulation 2
Exemption
Subregulation 1
The dividends of MYR$1,350,000 received in Singapore by Boardroom Limited on 4 March 2013 from Boardroom (Malaysia) Sdn Bhd (a company located in Malaysia), 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 20 May 2016 addressed to Boardroom Limited.