Income Tax (Trafigura Holdings Pte Ltd — Section 13(12) Exemption) Order 2021

Status:

Published in Subsidiary Legislation Supplement
on 19 Aug 2021

No. S 624

Income Tax Act

(CHAPTER 134)

Income Tax
(Trafigura Holdings Pte Ltd —
Section 13(12) Exemption) Order 2021

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 (Trafigura Holdings Pte Ltd — Section 13(12) Exemption) Order 2021.

Exemption

2.—(1) Dividend income received in Singapore by Trafigura Holdings Pte Ltd during and after its financial year ended 30 September 2017 from Trafigura BV (a company incorporated in the Netherlands), which is in turn derived from dividend income received by Trafigura BV from the profits of Trafigura Pte Ltd, is exempt from tax.

(2) Dividend income received in Singapore by Trafigura Holdings Pte Ltd during and after its financial year ended 30 September 2019 from Trafigura BV, which is in turn derived from dividend income received by Trafigura BV from the profits of any of the following companies, is exempt from tax:

(a)	Puma Energy Holdings Pte Ltd;
(b)	Pan-African Soleil Holdings Pte Ltd;
(c)	Galena Asset Management (Asia) Pte Ltd;
(d)	Trafigura Overseas Projects Pte Ltd.

(3) The exemptions under sub-paragraphs (1) and (2) are subject to the conditions specified in the letter of approval dated 20 May 2020 addressed to KPMG Services Pte. Ltd.

Made on 14 August 2021.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[R032.015.0022.V1; AG/LEGIS/SL/134/2020/23 Vol. 1]

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