Regulation 1
Citation and commencement
This Order is the Income Tax (Applied Materials South East Asia Pte Ltd — Section 19B(10B) Exemption) Order 2019 and is deemed to have come into operation on 18 July 2018.
/akn/sg/act/sub_leg/1947/ITA-S499-2019
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Quick answer
Income Tax (Applied Materials South East Asia Pte Ltd — Section 19B(10B) Exemption) Order 2019 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S499-2019 1947, currently marked in force and first recorded in 1947.
Citation and commencement
This Order is the Income Tax (Applied Materials South East Asia Pte Ltd — Section 19B(10B) Exemption) Order 2019 and is deemed to have come into operation on 18 July 2018.
Exemption
Applied Materials South East Asia Pte. Ltd. is exempt from section 19B(10A) of the Act in respect of capital expenditure incurred by it on 29 August 2018 in acquiring, for use in its trade or business, intellectual property rights from Applied Materials International Pte. Ltd., being rights acquired from Applied Materials Singapore Technology Pte. Ltd. on 24 August 2018.
The exemption in sub‑paragraph (1) is subject to the terms and conditions specified in the letter dated 18 July 2018, and email dated 25 July 2018, addressed to Wong & Leow LLC, solicitors for Applied Materials South East Asia Pte. Ltd.