Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 5) Notification 2005

Regulation 2

Exemption

There shall be exempt from tax —

(a)

interest payable by Jembawati Maritime Pte. Ltd. from 6th September 2004 to 6th September 2011 (both dates inclusive) to Fortis Bank S.A./N.V., Singapore Branch under the Loan Agreement dated 23rd August 2004 in respect of the vessel “Jembawati”; and

(b)

fees payable by Jembawati Maritime Pte. Ltd. to Fortis Bank S.A./N.V., Singapore Branch under 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. 5) Notification 2005 →