Regulation 1
Citation
This Order may be cited as the Income Tax (Exemption of Foreign Income) (No. 2) Order 2011.
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Income Tax (Exemption of Foreign Income) (No. 2) Order 2011 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S425-2011 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 2011.
Exemption
Supernova Holdings (Singapore) Pte Ltd is hereby granted exemption from tax on the dividends received in Singapore on 23rd December 2009 from Seksun Tech (H.K.) Co. Ltd located in Hong Kong, being a company in which Supernova Holdings (Singapore) Pte Ltd owns 100% of the total number of issued ordinary shares.
The exemption under sub-paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 23rd June 2011 addressed to the tax agent of Supernova Holdings (Singapore) Pte Ltd.
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