Income Tax (Exemption of Foreign Income) (No. 2) Order 2006

No. S 522

Income Tax Act

(Chapter 134)

Income Tax (Exemption of Foreign Income) (No. 2) 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) (No. 2) Order 2006.

Exemption for Henley Investments (Asia) Pte Ltd, Primerich Investment Pte Ltd, GOT Pte Ltd and Lovage International Pte Ltd

2. Henley Investments (Asia) Pte Ltd, Primerich Investment Pte Ltd, GOT Pte Ltd and Lovage International Pte Ltd shall, with effect from 20th April 2006, be exempt from tax on any dividend and interest derived from outside Singapore (both being paid out of rental income earned in Indonesia) and received in Singapore, subject to the conditions specified in the letter of approval dated 20th April 2006 addressed to their tax agent.

Exemption for CapitaRetail China Incubator Fund and CapitaRetail China Development Fund

3. CapitaRetail China Incubator Fund and CapitaRetail China Development Fund shall, with effect from 2nd June 2006, be exempt from tax on any dividend derived from outside Singapore (being paid out of capital gains derived from disposal of shares in China companies holding retail malls in China) and received in Singapore, subject to the conditions specified in the letter of approval dated 2nd June 2006 addressed to their tax agent.

Made this 25th day of August 2006.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R)32.16.056 V35; MF(A)9.1.12.Pt13.V7; AG/LEG/SL/134/2005/6 Vol. 1]

Search within Legislation