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Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification

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Type
Subsidiary Legislation
Status
In force
Enacted
1947
Sections
10

Quick answer

About this subsidiary legislation

Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-N8 1947, currently marked in force and first recorded in 1947.

Regulation 2

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Amended byS 155/9531.3.95

Subregulation 1

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The interest payable by the Petrochemical Corporation of Singapore (Private) Limited under the Multicurrency Facility Agreement dated 20th September 1994 shall be exempt from withholding tax from 20th September 1994 to 30th June 2004.

Subregulation 2

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Amended byS 155/9531.3.95

The commitment, agency and front-end/arrangers’ fees payable by the Petrochemical Corporation of Singapore (Private) Limited in connection with the loan shall also be exempt from withholding tax.

Regulation 3

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Amended byS 156/9531.3.95

Subregulation 1

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The interest payable by the Polyolefin Company (Singapore) Pte Ltd under the Multicurrency Facility Agreement dated 20th September 1994 shall be exempt from withholding tax from 20th September 1994 to 30th June 2004.

Subregulation 2

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Amended byS 156/9531.3.95

The commitment, agency and front-end/arrangers’ fees payable by the Polyolefin Company (Singapore) Pte Ltd in connection with the loan shall also be exempt from withholding tax.

Regulation 4

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Amended byS 297/957.7.95

Subregulation 1

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There shall be exempt from tax interest received from notes issued under the US$300 million Asian Dragon Medium Term Note Programme of Asian Finance and Investment Corporation Ltd by —

(a)

any non-resident individual; and

(b)

any person, other than an individual, if that person is neither a resident of nor a permanent establishment in Singapore.

Subregulation 2

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Amended byS 297/957.7.95

The exemption is subject to the terms and conditions specified in the Ministry of Finance’s letter of approval dated 7th June 1995.

Regulation 6

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Amended byS 405/958.9.95

The interest payable by Singapore Petroleum Company Limited to Vilexton Pty Limited, Australia, under the Facility Agreement dated 24th August 1995 shall be exempt from income tax from 24th August 1995 to 30th September 2000.

Regulation 7

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Amended byS 465/9520.10.95

The interest and swap payment payable by Singapore Aromatics Company Private on the loan amount of US$275 million under the Loan Agreement dated 30th May 1995 shall be exempt from withholding tax from 30th May 1995 to 15th September 2007.

Regulation 8

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Amended byS 466/9520.10.95

The interest and swap payment payable by W & T Logistics Pte Limited under the Loan Agreement dated 21st June 1995 shall be exempt from withholding tax from 21st June 1995 to 7th September 2000.

Regulation 9

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Amended byS 467/9520.10.95

The interest and swap payment payable by Far East Levingston Shipbuilding Limited under the Loan Agreement dated 21st June 1995 shall be exempt from withholding tax from 21st June 1995 to 7th September 2000.

Regulation 10

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Amended byS 550/9515.12.95

The interest payable by Masterbulk Private Limited to Westfal-Larsen & Co. A/S, Norway on the loan of US$96,630,099 under the Loan Agreement dated 23rd June 1995 as amended by the Agreement dated 26th October 1995 shall be exempt from income tax from 23rd June 1995 to 1st July 2010.

Common questions

What is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification?
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-N8 1947, currently marked in force and first recorded in 1947.
Is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification still in force?
Yes — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification is currently in force.
When did Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification take effect?
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification was first recorded in 1947.
How many regulations does Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification have?
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification contains 10 regulations.
Where can I read the official version of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification?
The official text of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification is published at sso.agc.gov.sg.