Regulation 1
Citation and commencement
This Notification is the Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022 and is deemed to have come into operation on 26 February 2021.
/akn/sg/act/sub_leg/1947/ITA-S160-2022
Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S160-2022 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The arrangement fee of USD 468,000 paid on 26 February 2021 by Asia Liberty Pte. Ltd. and Asia Inspire Pte. Ltd. to Credit Suisse AG for a loan granted under a loan agreement dated 24 February 2021 to refinance the acquisition of 2 Singapore‑flagged vessels “Asia Liberty” and “Asia Inspire” is exempt from tax.
Subregulation 2
The exemption under sub‑paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 25 February 2022 issued by the Ministry of Finance and addressed to Asia Liberty Pte. Ltd. and Asia Inspire Pte. Ltd.
Common questions
- What is Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022?
- Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S160-2022 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022 still in force?
- Yes — Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022 is currently in force.
- When did Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022 take effect?
- Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022 was first recorded in 1947.
- How many regulations does Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022 have?
- Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022 contains 2 regulations.
- Where can I read the official version of Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022?
- The official text of Income Tax (Asia Liberty Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2022 is published at sso.agc.gov.sg.