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In forceAs enacted

Subsidiary Legislation

Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2006

The text

reg 1Citation

This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2006.

reg 2Exemption

(1)

There shall be exempt from tax the interest payable by Oversea-Chinese Banking Corporation Limited to OCBC Capital Corporation on the subordinated note issued by Oversea-Chinese Banking Corporation Limited on 2nd February 2005.

(2)

The exemption is subject to the conditions specified in the letter of approval dated 8th November 2004 addressed to the lawyers of Oversea-Chinese Banking Corporation Limited.

Subregulation 1

There shall be exempt from tax the interest payable by Oversea-Chinese Banking Corporation Limited to OCBC Capital Corporation on the subordinated note issued by Oversea-Chinese Banking Corporation Limited on 2nd February 2005.

Subregulation 2

The exemption is subject to the conditions specified in the letter of approval dated 8th November 2004 addressed to the lawyers of Oversea-Chinese Banking Corporation Limited.