Income Tax (Exemption of Foreign Income)(No. 2) Order 2011

25 July 2011

Supernova Holdings (Singapore) Pte Ltd has been granted exemption from  tax on the dividends received in Singapore on 23 December 2009 from Seksun Tech (HK) Co Ltd.

Seksun Tech (HK) Co Ltd is located in Hong Kong, being  a  company  in which  Supernova Holdings (Singapore) Pte Ltd owns 100% of the total number of issued ordinary  shares.

The exemption is subject to the terms and conditions specified in the letter of approval dated 23 June 2011 addressed to the tax agent of Supernova Holdings (Singapore) Pte Ltd.

The above Order was made on 20 July 2011 and was first published in the Government Gazette, Electronic Edition, on 22 July 2011.

Source: eGazette