Income Tax (Exemption of Foreign Income) (No. 3) Order 2016

Status:

Published in Subsidiary Legislation Supplement
on 17 Jun 2016

No. S 281

Income Tax Act

(CHAPTER 134)

Income Tax
(Exemption of Foreign Income) (No. 3) Order 2016

In exercise of the powers conferred by section 13(12) of the Income Tax Act, the Minister for Finance makes the following Order:

Citation

1. This Order is the Income Tax (Exemption of Foreign Income) (No. 3) Order 2016.

Exemption

2.—(1) Income comprising dividends described in sub‑paragraph (2), that are received by Cofco Agri Holdings Pte Ltd (a company incorporated in Singapore) on or after 20 May 2016 from Noble Agri Resources Limited (a company incorporated in Bermuda), is exempt from tax.

(2) Sub‑paragraph (1) applies to dividends derived from dividends received by Noble Agri Resources Limited from the companies set out in the Schedule, which are in turn derived by those companies from carrying out their respective business activities.

(3) The exemption in sub‑paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 20 May 2016 addressed to the tax agent of Cofco Agri Holdings Pte Ltd.

Made on 6 June 2016.

LIM SOO HOON

Permanent Secretary
(Finance) (Performance),
Ministry of Finance,
Singapore.

[MF(R)32.16.56 V72; AG/LEGIS/SL/134/2015/8 Vol. 1]

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