Income Tax (Singapore Investments (Pte) Limited — Section 13(12) Exemption) Order 2021

Status:

Published in Subsidiary Legislation Supplement
on 08 Dec 2021

No. S 933

Income Tax Act

(CHAPTER 134)

Income Tax
(Singapore Investments (Pte) Limited —
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 (Singapore Investments (Pte) Limited — Section 13(12) Exemption) Order 2021.

Exemption

2.—(1) Income comprising dividends amounting to $21,025,368 that is received in Singapore by Singapore Investments (Pte) Limited (a company incorporated in Singapore) from Kota Trading Company Sendirian Berhad (a company incorporated in Malaysia) in the basis period for the year of assessment 2018 is exempt from tax.

(2) The exemption in sub‑paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 27 July 2021 addressed to EY Corporate Advisors Pte. Ltd.

Made on 3 December 2021.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[R032.016.0056.V85; AG/LEGIS/SL/134/2020/23 Vol. 2]

Search within Legislation