Singapore (tax/treaty)

Specific Provisions 1. Income referred to in Articles 10 and 11 of this Agreement, which is derived by the Government of a Contracting State in the other Contracting State, as well as any gains derived from the alienation of shares, debt-claims or rights from which such income is derived, shall be exempt from taxation in that other Contracting State. 2. For the purposes of paragraph 1 of this Article, the Government of a Contracting State shall include: a. in the case of the Kingdom of Saudi Arabia: i. the Saudi Arabian Monetary Agency; ii. the Public Investment Fund; b. in the case of Singapore: i. the Monetary Authority of Singapore; ii. the Government of Singapore Investment Corporation Pte Ltd; c. any other statutory body or governmental institution, other than corporations, wholly owned by the Government of a Contracting State.