No. S 436
Income Tax Act
(Chapter 134)
Income Tax (Exemption of Foreign Income) Order 2006
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) Order 2006.
Exemption for Allco Investments No. 1 Pte Ltd and Allco Investments No. 2 Pte Ltd
2.  Allco Investments No. 1 Pte Ltd and Allco Investments No. 2 Pte Ltd shall, with effect from 2nd February 2006, be exempt from tax on any distribution derived outside Singapore from a foreign trust and received in Singapore, subject to the conditions specified in the letter of approval dated 2nd February 2006 addressed to their tax agent.
Exemption for Javana Pte Ltd, Somerset Grand Citra (S) Pte Ltd, Ascott Residences Pte Ltd and Somerset Philippines (S) Pte Ltd
3.  Javana Pte Ltd, Somerset Grand Citra (S) Pte Ltd, Ascott Residences Pte Ltd and Somerset Philippines (S) Pte Ltd shall, with effect from 6th January 2006, be exempt from tax on any interest derived from outside Singapore and received in Singapore, subject to the conditions specified in the letter of approval dated 6th January 2006 addressed to their tax agent.
Exemption for Hemliner Pte Ltd and Glenwood Properties Pte Ltd
4.  Hemliner Pte Ltd and Glenwood Properties Pte Ltd shall, with effect from 8th February 2006, be exempt from tax on any interest derived from outside Singapore and received in Singapore, subject to the conditions specified in the letter of approval dated 8th February 2006 addressed to their tax agent.
Exemption for Mapletree Logistics Trust
5.  Mapletree Logistics Trust shall —
(a)with effect from 8th December 2005, be exempt from tax on any dividend derived from outside Singapore (being paid out of rental income earned in China and Hong Kong) and received in Singapore, subject to the conditions specified in the letter of approval dated 8th December 2005 addressed to the tax agent of Mapletree Logistics Trust;
(b)with effect from 6th January 2006, be exempt from tax on any interest derived from outside Singapore (being paid out of rental income earned in China) and received in Singapore, subject to the conditions specified in the letter of approval dated 6th January 2006 addressed to the tax agent of Mapletree Logistics Trust; and
(c)with effect from 8th February 2006, be exempt from tax on any interest derived from outside Singapore (being paid out of rental income earned in Hong Kong) and received in Singapore, subject to the conditions specified in the letter of approval dated 8th February 2006 addressed to the tax agent of Mapletree Logistics Trust.
Exemption for MapletreeLog Malaysia Holdings Pte Ltd
6.  MapletreeLog Malaysia Holdings Pte Ltd shall —
(a)with effect from 8th December 2005, be exempt from tax on any dividend derived from outside Singapore (being paid out of rental income earned in Malaysia) and received in Singapore, subject to the conditions specified in the letter of approval dated 8th December 2005 addressed to its tax agent; and
(b)with effect from 6th January 2006, be exempt from tax on any interest derived from outside Singapore (being paid out of rental income earned in Malaysia) and received in Singapore, subject to the conditions specified in the letters of approval dated 6th January 2006 addressed to its tax agent.
Exemption for CapitaCommercial Trust
7.  CapitaCommercial Trust shall, with effect from 14th February 2006, be exempt from tax on any interest derived from outside Singapore and received in Singapore, subject to the conditions specified in the letter of approval dated 14th February 2006 addressed to the tax agent of CapitaCommercial Trust.
Made this 17th day of July 2006.
LIM SIONG GUAN
Permanent Secretary,
Ministry of Finance,
Singapore.
[MF(R)32.16.056 V35; MF(A)9.1.12.Pt. 13.V5; AG/LEG/SL/134/2005/6 Vol. 1]