Singapore legislation
Regulation 3
of Income Tax (Exemption of Foreign Income) (No. 7) Order 2007
Regulation 3
Exemption for Saizen Real Estate Investment Trust
Saizen Real Estate Investment Trust shall, with effect from 28th June 2007, be exempt from tax on any Tokumei-Kumiai profit distributions derived from outside Singapore and received in Singapore, subject to the terms and conditions specified in the letter of approval dated 28th June 2007 addressed to the tax agent of Saizen Real Estate Investment Trust.