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No. S 794

Income Tax Act

(Chapter 134)

Income Tax (Exemption of Foreign Income) (No. 4) Order 2010

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

Citation

1. This Order may be cited as the Income Tax (Exemption of Foreign Income) (No. 4) Order 2010.

Exemption

2.—(1) LVMH Fragrances and Cosmetics (Singapore) Pte Ltd is hereby granted exemption from tax on the dividends received in Singapore from PCD Orient located in United Arab Emirates, being a company in which LVMH Fragrances and Cosmetics (Singapore) Pte Ltd owns 20% of the total number of issued ordinary shares.

(2) The exemption under sub-paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 8th December 2010 addressed to the tax agent of LVMH Fragrances and Cosmetics (Singapore) Pte Ltd.

Made this 17th day of December 2010.

PETER ONG

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R)32.16.56 V41; AG/LLRD/SL/134/2010/4 Vol. 1]