No. S 6
Income Tax Act
Income Tax
(Exemption of Foreign Income)
Order 2017
In exercise of the powers conferred by section 13(12) of the Income Tax Act, the Minister for Finance makes the following Order:
1.  This Order is the Income Tax (Exemption of Foreign Income) Order 2017.
2.—(1)  The dividends of US$1,500,000 received in Singapore by ST‑Airport Services Pte Ltd on 24 October 2016 from its subsidiary, ST‑Airport Services (Timor‑Leste) Lda (a company incorporated in Timor‑Leste), are exempt from tax.
(2)  The exemption in sub‑paragraph (1) is subject to the condition in paragraph 4 of the letter of approval dated 27 September 2016 addressed to PricewaterhouseCoopers Singapore Pte Ltd, on behalf of ST‑Airport Services Pte Ltd.
Made on 3 January 2017.
Permanent Secretary
(Finance) (Performance),
Ministry of Finance,
[MOF R32.016.0056.V73; AG/LEGIS/SL/134/2015/8 Vol. 1]