Income Tax (APTIV Safety & Mobility Services Singapore Pte Ltd — Section 13(12) Exemption) Order 2019

No. S 489

Income Tax Act

(CHAPTER 134)

Income Tax
(APTIV Safety & Mobility Services Singapore
Pte Ltd — Section 13(12) Exemption) Order 2019

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 (APTIV Safety & Mobility Services Singapore Pte Ltd — Section 13(12) Exemption) Order 2019.

Exemption

2.—(1)  Dividends amounting to US$62,713,110 received in Singapore by APTIV Safety & Mobility Services Singapore Pte. Ltd. (a company incorporated in Singapore) from Delphi China LLC (a company incorporated in the United States of America) in the basis periods for the years of assessment 2014 to 2016, are exempt from tax.

(2)  The exemption in sub‑paragraph (1) is subject to the conditions specified in paragraphs 4 and 5 of the letter of approval dated 9 May 2019 addressed to APTIV Safety & Mobility Services Singapore Pte. Ltd.

Made on 3 July 2019.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[R032.016.0056.V82; AG/LEGIS/SL/134/2015/8 Vol. 4]