Singapore legislation

Regulation 10

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

Regulation 10

Amended byS 312/97

There shall be exempt from withholding tax —

(a)

the interest payable by Neptune Orient Lines Limited to Westpac Banking Corporation, Australia, under the 4 Loan Agreements all dated 10th December 1996, from 10th December 1996 to 28th April 2001; and

(b)

the swap payments payable by Neptune Orient Lines Limited to Westpac Banking Corporation, Australia, under the 4 International Swap Dealers Association, Inc. (ISDA) Master Agreements all dated 25th March 1997, from 25th March 1997 to 28th April 2001.

Read in full context — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification →