Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 5) Notification 2004

Regulation 2

Exemption

There shall be exempt from tax the swap payments made by Shell Tankers (Singapore) Pte Ltd to National Australia Bank Limited —

(a)

between 27th January 2004 and 14th January 2036 (both dates inclusive); and

(b)

between 11th December 2003 and 14th January 2036 (both dates inclusive),under 2 Swap Master Agreements dated 8th December 2003 in respect of the bareboat charters of the vessels “Gemmata” and “Granatina”, respectively.

Read in full context — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 5) Notification 2004 →