Singapore legislation

Regulation 5

of Income Tax (Exemption of Certain Income of Prescribed Sovereign Fund Entities and Approved Foreign Government-Owned Entities) Regulations 2012

Regulation 5

Exemption from tax of income under section 13V of Act

Amended byS 936/2022 wef 31/12/2021

Subject to regulations 6 and 7, there shall be exempt from tax the following income for any year of assessment:

(a)

in relation to a prescribed sovereign fund entity, any specified income derived by the prescribed sovereign fund entity in respect of any designated investments using its funds that are managed in Singapore by an approved foreign government-owned entity;

(b)

in relation to an approved foreign government-owned entity —

(i)

any specified income derived by the approved foreign government-owned entity in respect of any designated investments using its funds that are managed in Singapore; and

(ii)

any income derived by the approved foreign government-owned entity from managing in Singapore its funds or the funds of a prescribed sovereign fund entity, as the case may be, for the purpose of any designated investments, or from providing any investment advisory services in Singapore to the prescribed sovereign fund entity in respect of any designated investments.

Read in full context — Income Tax (Exemption of Certain Income of Prescribed Sovereign Fund Entities and Approved Foreign Government-Owned Entities) Regulations 2012 →