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. 6) Notification 2005.
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Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S455-2005 1947, currently marked in force and first recorded in 1947.
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2005.
Exemption
There shall be exempt from tax —
interest payable by Kunti Maritime Pte. Ltd. from 6th September 2004 to 6th June 2009 (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 “Kunti”; and
fees payable by Kunti Maritime Pte. Ltd. to Fortis Bank S.A./N.V., Singapore Branch under the Loan Agreement referred to in sub-paragraph (a).
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