Income Tax (Exemption of Foreign Income) (No. 6) Order 2016

Status:

Current version
as at 25 Apr 2024

No. S 598

Income Tax Act

(CHAPTER 134)

Income Tax
(Exemption of Foreign Income)
(No. 6) Order 2016

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. 6) Order 2016.

Exemption

2.—(1) Income comprising the following dividends that are received by ECS Holdings Limited (a company incorporated in Singapore) from ECS Technology (China) Limited (a company incorporated in the Hong Kong Special Administrative Region of the People’s Republic of China), is exempt from tax:

(a)	the sum of US$5,276,647 in the basis period for the year of assessment 2011;
(b)	the sum of US$3,811,378 in the basis period for the year of assessment 2012.

(2) The exemption in sub‑paragraph (1) is subject to the conditions in paragraphs 8 and 9 of the letter of approval dated 19 October 2016 addressed to the tax agent of ECS Holdings Limited.

Made on 8 November 2016.

LIM SOO HOON

Permanent Secretary
(Finance) (Performance),
Ministry of Finance,
Singapore.

[R032.016.0056.V73; AG/LEGIS/SL/134/2015/8 Vol. 1]

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