- Narrative Type
| - Narrative Text
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Narrative version | While the interim dividend will be declared out of the Distributable Reserve which attracts no tax in the Cayman Islands where the Company was incorporated, the dividend, as a general indication, is expected to be taxable in the hands of non-individual Shareholders with a presence in Singapore at the prevailing corporate tax rate of Singapore. |
Additional Text | With regard to corporate Shareholders which do not have a presence in Singapore or individual Shareholders, as their individual circumstances vary, they are advised to consult their respective professional advisers as to their respective tax provisions or tax implications in respect of the dividend to be received by them in Singapore or otherwise. |
Additional Text | The Company takes no responsibility for the taxation liabilities of Shareholders or for the correctness or accuracy of any information as to taxation liability set out in this announcement. |