24 December 2012
The Income Tax (Exemption of Foreign Income — REITs and Other Special Cases) (Amendment) Order 2012, published on 7 December 2012, is deemed to have come into operation on 22 February 2012.
The Order amends the Income Tax (Exemption of Foreign Income — REITs and Other Special Cases) Order 2006 (G.N. No. S 435/2006) by deleting and substituting certain paragraphs relating to the exemption of tax for specified income paid out of income derived from activities permitted in relation to real estate investment trusts under the Code on Collective Investment Schemes issued by the Monetary Authority of Singapore pursuant to section 284 of the Securities and Futures Act (Cap 289).
The exemptions are set out and explained in the e-Tax Guide ‘‘Income Tax: Tax Exemption under Section 13(12) for Specified Scenarios, Real Estate Investment Trusts and Qualifying Offshore Infrastructure Project/Asset’’ published on 22 February 2012 by the Inland Revenue Authority of Singapore (IRAS).
Source: Government Gazette