Singapore legislation

Regulation 2

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

Regulation 2

Exemption

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.

Read in full context — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2006 →