Regulation 1
Citation
This Order is the Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026.
/akn/sg/act/sub_leg/1947/ITA-S287-2026
Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S287-2026 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
Dividend income received in Singapore by Olam Group Limited (a company incorporated in Singapore) after 12 February 2026 from OFI Group Limited (a company incorporated in the United Kingdom), which is in turn derived from the following income of Olam International Limited (a company incorporated in Singapore) (called in this Order OIL), is exempt from tax:
(a)
net gains derived by OIL from —
(i)
any impairment loss and reversal of such impairment loss in respect of any investment in any subsidiary, joint venture or associate; or
(ii)
the disposal of any investment in any subsidiary, joint venture or associate,where such investment is held directly by OIL on capital account;
(b)
capital gains from the sale of any asset or investment held directly by OIL;
(c)
dividends received in Singapore from any subsidiary incorporated in Singapore and held directly by OIL, that originate from —
(i)
profits from any trade or business carried out in Singapore by the subsidiary; or
(ii)
foreign dividends received by the subsidiary;
(d)
dividends received in Singapore from —
(i)
any subsidiary incorporated outside Singapore and held directly by OIL; or
(ii)
any joint venture incorporated outside Singapore, of which OIL is a direct shareholder;
(e)
profits received in Singapore from any branch in any country outside Singapore.
Subregulation 2
The exemption in sub‑paragraph (1) is subject to the conditions specified in the letter from the Inland Revenue Authority of Singapore dated 13 February 2026 that is issued on behalf of the Minister for Finance and addressed to EY Corporate Advisors Pte. Ltd.
Common questions
- What is Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026?
- Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S287-2026 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026 still in force?
- Yes — Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026 is currently in force.
- When did Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026 take effect?
- Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026 was first recorded in 1947.
- How many regulations does Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026 have?
- Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026 contains 2 regulations.
- Where can I read the official version of Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026?
- The official text of Income Tax (Olam Group Limited — Section 13(12) Exemption) Order 2026 is published at sso.agc.gov.sg.