No. S 934
Income Tax Act
(CHAPTER 134)
Income Tax
(Sunstar Singapore 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 (Sunstar Singapore Pte. Ltd. — Section 13(12) Exemption) Order 2021.
Exemption
2.—(1)  Income comprising dividends amounting to $18,249,090 that is received in Singapore by Sunstar Singapore Pte. Ltd. (a company incorporated in Singapore) from Sunstar Marketing Hong Kong Ltd (a company incorporated in Hong Kong) in the basis periods for the years of assessment 2017 to 2019 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 23 July 2021 addressed to Drew & Napier LLC.
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]
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