Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2008

Regulation 2

Exemption

Subregulation 1

There shall be exempt from tax the interest payable by DBS Bank Limited to DBS Capital Funding II Corporation on the subordinated intercompany note issued by DBS Bank Limited on 27th May 2008.

Subregulation 2

The exemption is subject to the conditions specified in the letter of approval dated 16th May 2008 addressed to DBS Bank Limited.

Read in full context — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2008 →