Exemption of income of non-resident arising from funds managed by Asian Currency Unit, etc.
13C. There shall be exempt from tax such income as the Minister may by regulations prescribe of a person not resident in Singapore arising from —
(a)
funds managed by any Asian Currency Unit of a financial institution or other fund manager approved in either case by the Minister or such other person as he may appoint;
(b)
funds managed by a headquarters company approved under section 43E; and
(c)
funds managed by a Finance and Treasury Centre approved under section 43G.