Singapore legislation

Regulation 4

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

Regulation 4

Amended byS 297/957.7.95

Subregulation 1

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

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.

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