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Enacting Formula

 
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On 19/05/2013, you requested for the version in force on 19/05/2013 incorporating all amendments published on or before 19/05/2013. The closest version currently available is that of 22/07/2010.
Exemption
2.
—(1)  Natsteel Holdings Pte Ltd is hereby granted exemption from tax on the dividends received in Singapore from Southern Steel Bhd located in Malaysia, being a company in which Natsteel Holdings Pte Ltd owns 27.03% of the total number of issued ordinary shares.
(2)  The exemption under sub-paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 15th January 2010 addressed to Natsteel Holdings Pte Ltd.