Common use of Remittance Clause Clause in Contracts

Remittance Clause. 1. Where this Agreement provides (with or without other conditions) that income from sources in Poland shall be exempt from tax, or taxed at a reduced rate, in Poland and under the laws in force in Singapore the said income is subject to tax by reference to the amount thereof which is remitted to or received in Singapore and not by reference to the full amount thereof, then the exemption or reduction of tax to be allowed under this Agreement in Poland shall apply only to so much of the income as is remitted to or received in Singapore. 2. However, this limitation does not apply: a) To income derived by the Government of Singapore or any person approved by the competent authority of Singapore for the purpose of this paragraph. The term "the Government of Singapore" shall include its agencies and statutory bodies; and b) When Singapore exempts income received from outside Singapore referred to in paragraph 2 (b) of Article 22. In such a case, the exemption or reduction of tax to be allowed under this Agreement in Poland shall apply to the full amount of income from sources in Poland that is exempted from tax in Singapore.

Remittance Clause. 1. Where this Agreement provides (with or without other conditions) that income from sources in Poland shall be exempt from tax, or taxed at a reduced rate, in Poland and under the laws in force in Singapore the said income is subject to tax by reference to the amount thereof which is remitted to or received in Singapore and not by reference to the full amount thereof, then the exemption or reduction of tax to be allowed under this Agreement in Poland shall apply only to so much of the income as is remitted to or received in Singapore. 2. However, this limitation does not apply: (a) To income derived by the Government of Singapore or any person approved by the competent authority of Singapore for the purpose of this paragraph. The term "the Government of Singapore" shall include its agencies and statutory bodies; and (b) When Singapore exempts income received from outside Singapore referred to in paragraph 2 (b) of Article 22. In such a case, the exemption or reduction of tax to be allowed under this Agreement in Poland shall apply to the full amount of income from sources in Poland that is exempted from tax in Singapore.