Regulation 1
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) (No. 2) Order 2010.
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Income Tax (Exemption of Foreign Income) (No. 2) Order 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S399-2010 1947, currently marked in force and first recorded in 1947.
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) (No. 2) Order 2010.
Exemption
Fairbanks Holdings Pte Ltd is hereby granted exemption from tax on the dividends received in Singapore from Sekuriti Pejal Sdn Berhad and Syarikat Kepunyaan Khas Sdn Berhad located in Malaysia, being companies in which Fairbanks Holdings Pte Ltd owns 10% and 20% of the total number of issued ordinary shares, respectively.
The exemption under sub-paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 15th January 2010 addressed to the tax agent of Fairbanks Holdings Pte Ltd.
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