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

Status:

Published in Subsidiary Legislation Supplement
on 07 Sep 2021

No. S 677

Income Tax Act

(CHAPTER 134)

Income Tax
(AT 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 and commencement

1. This Order is the Income Tax (AT Holdings Pte. Ltd. — Section 13(12) Exemption) Order 2021 and is deemed to have come into operation on 24 September 2020.

Exemption

2.—(1) Income comprising dividends described in sub‑paragraph (2), that is received in Singapore by AT Holdings Pte. Ltd. (a company incorporated in Singapore) from AT Holdings Europe Co‑operative U.A. (a company incorporated in the Netherlands), is exempt from tax.

(2) Sub-paragraph (1) applies to dividends that are derived from dividends received by AT Holdings Europe Co‑operative U.A., that are in turn derived from profits of the following entities:

(a)	Retail Asset Investment 2 B.V.;
(b)	Bajes Kwartier B.V.;
(c)	Bajes Kwartier Ontwikkeling C.V.;
(d)	Experion Construction Europe B.V.;
(e)	Experion Participaties B.V.;
(f)	Sterpassage Rijswijk Beheer B.V.;
(g)	Sterpassage Rijswijk C.V.

(3) The exemption under sub‑paragraph (1) is subject to the conditions specified in the letter of approval dated 24 September 2020 addressed to AT Holdings Pte. Ltd.

Made on 4 September 2021.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[R32.016.0056.V80; AG/LEGIS/SL/134/2020/10 Vol. 1]

Search within Legislation