Regulation 1
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015.
/akn/sg/act/sub_leg/1947/ITA-S82-2015
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S82-2015 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
Subject to sub‑paragraph (2), there shall be exempt from tax the interest payable on or after 8 June 2013 by SE Shipping Lines Pte Ltd to Export‑Import Bank of India on a loan granted under the Loan Agreement dated 30 March 2011, for partially financing the construction of the vessel “SE Cerulean” (referred to in this Notification as “the vessel”).
Subregulation 2
The exemption under sub‑paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 19 May 2014 issued by the Ministry of Finance to SE Shipping Lines Pte Ltd.
Subregulation 3
The exemption in sub‑paragraph (1) does not apply to any interest payable after the earliest of the following:
(a)
30 June 2018;
(b)
the date of termination of the Loan Agreement;
(c)
the date on which Starleena Shipping Pte Ltd transfers or disposes of the vessel; (d)the date of withdrawal or revocation of the approval of SE Shipping Lines Pte Ltd as an approved international shipping enterprise under section 13F of the Act.
Common questions
- What is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S82-2015 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015 still in force?
- Yes — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015 is currently in force.
- When did Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015 take effect?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015 was first recorded in 1947.
- How many regulations does Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015 have?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015 contains 2 regulations.
- Where can I read the official version of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015?
- The official text of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2015 is published at sso.agc.gov.sg.