Singapore legislation
Regulation 3
of Income Tax (Exemption of Foreign Income) (No. 5) Order 2015
Regulation 3
Exemption for Parkway Life Japan2 Pte Ltd
Subregulation 1
Parkway Life Japan2 Pte Ltd is granted exemption from tax on the Tokumei-Kumiai distributions received in Singapore on or after 28 April 2014 from Godo Kaisha Tenshi 1 and Godo Kaisha Tenshi 2, companies incorporated in Japan.
Subregulation 2
The exemption in sub-paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 29 May 2014 addressed to Parkway Trust Management Limited.