Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2007

Regulation 2

Definitions

In this Notification —“debt securities” has the same meaning as in section 43N(4) of the Act;“financial sector incentive (bond market) company”, “qualifying debt securities” and “related party” have the same meanings as in section 13(16) of the Act;“funds from Singapore operations”, in relation to a person, means the funds and profits of that person’s operations through a permanent establishment in Singapore;“programme” means the US$1,000,000,000 Euro Medium Term Note Programme first entered into on 4th March 1996 by Toshiba Capital (Asia) Ltd;“specified interest” means —

(a)

any interest payable on or after 1st February 2006 in respect of any notes issued by Toshiba Capital (Asia) Ltd before the specified period under the programme; and

(b)

any interest payable in respect of any notes issued by Toshiba Capital (Asia) Ltd during the specified period under the programme;“specified period” means the period from 1st February 2006 to 31st December 2008 (both dates inclusive).

Definition

“debt securities” has the same meaning as in section 43N(4) of the Act;

Definition

“financial sector incentive (bond market) company”, “qualifying debt securities” and “related party” have the same meanings as in section 13(16) of the Act;

Definition

“funds from Singapore operations”, in relation to a person, means the funds and profits of that person’s operations through a permanent establishment in Singapore;

Definition

“programme” means the US$1,000,000,000 Euro Medium Term Note Programme first entered into on 4th March 1996 by Toshiba Capital (Asia) Ltd;

Definition

“specified interest” means —

(a)

any interest payable on or after 1st February 2006 in respect of any notes issued by Toshiba Capital (Asia) Ltd before the specified period under the programme; and

(b)

any interest payable in respect of any notes issued by Toshiba Capital (Asia) Ltd during the specified period under the programme;

Definition

“specified period” means the period from 1st February 2006 to 31st December 2008 (both dates inclusive).

Read in full context — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2007 →