Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005

Regulation 2

Exemption

There shall be exempt from tax —

(a)

interest payable by Hung Fu Shipping (Singapore) Pte. Ltd. from 24th July 2003 to 24th January 2006 (both dates inclusive) to Orion Line Shipping S.A. under the Loan Agreement dated 31st March 2003 in respect of the vessel “M/V Nord Star”;

(b)

front-end fees payable by Hung Fu Shipping (Singapore) Pte. Ltd. to Orion Line Shipping S.A. under the Loan Agreement referred to in sub-paragraph (a); and

(c)

recurring loan facility fees payable by Hung Fu Shipping (Singapore) Pte. Ltd. to its guarantors in respect of the Loan Agreement referred to in sub-paragraph (a).

Read in full context — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005 →