Regulation 1
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 8) Notification 2005.
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Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 8) Notification 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S749-2005 1947, currently marked in force and first recorded in 1947.
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 8) Notification 2005.
Exemption
There shall be exempt from tax the payments by Lenovo (Singapore) Pte Ltd from 1st May 2005 to 30th April 2010 (both dates inclusive) to —
IBM (US) for services rendered under the Transition Services Agreement and the Marketing Support Agreement; and
related Lenovo parties for services rendered in area of Research & Development and Regional Headquarters’ functions.
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