No. S 580
Income Tax Act
(CHAPTER 134)
Income Tax
(Exemption of Foreign Income)
(No. 5) Order 2018
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 (Exemption of Foreign Income) (No. 5) Order 2018.
Exemption
2.—(1)  Dividends received in Singapore by Telenor Asia Pte Ltd (a company incorporated in Singapore) from Digi.Com Berhad (a company incorporated in Malaysia) from 1 January 2014 to 31 December 2014 (both dates inclusive), and derived from dividends received by Digi.Com Berhad from Digi Telecommunications Sdn Bhd (a company incorporated in Malaysia), are exempt from tax.
(2)  The exemption in sub‑paragraph (1) is subject to the conditions specified in paragraphs 7 and 8 of the letter of approval dated 17 July 2018 addressed to Ernst & Young Solutions LLP, the tax agent of Telenor Asia Pte Ltd.
Made on 13 September 2018.
TAN CHING YEE
Permanent Secretary,
Ministry of Finance,
Singapore.
[R032.016.0056.V80; AG/LEGIS/SL/134/2015/8 Vol. 4]
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