Singapore legislation

Regulation 2

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

Regulation 2

Amended byS 155/9531.3.95

Subregulation 1

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

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.

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