Regulation 1
Citation
This Order is the Income Tax (Wanhua Chemical International Pte. Ltd. — Section 13(12) Exemption) Order 2024.
/akn/sg/act/sub_leg/1947/ITA-S67-2024
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Quick answer
Income Tax (Wanhua Chemical International Pte. Ltd. — Section 13(12) Exemption) Order 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S67-2024 1947, currently marked in force and first recorded in 1947.
Citation
This Order is the Income Tax (Wanhua Chemical International Pte. Ltd. — Section 13(12) Exemption) Order 2024.
Exemption
Dividend income received in Singapore by Wanhua Chemical International Pte. Ltd. (a company incorporated in Singapore) after 10 January 2024 from Mount Tai Chemical Holding Company S.à.r.l. (a company incorporated in Luxembourg), which is in turn derived from the profits of BorsodChem Zrt. (a company incorporated in Hungary), is exempt from tax.
The exemption in sub‑paragraph (1) is subject to the conditions specified in the letter from the Ministry of Finance dated 10 January 2024 and addressed to RSM Tax Pte Ltd.