Singapore legislation

Regulation 3

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

Regulation 3

Amended byS 168/97

The interest payable by Zenas Navigation Pte Ltd to the Chemical Bank, Hong Kong and The Bank of New York, United States of America, under the Loan Agreement dated 29th February 1996 shall be exempt from income tax from 29th February 1996 to 30th August 2006.