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Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2018

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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. 8) Notification 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S793-2018 1947, currently marked in force and first recorded in 1947.

Regulation 1

Citation and commencement

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This Notification is the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2018 and is deemed to have come into operation on 3 October 2017.

Regulation 2

Exemption

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Subregulation 1

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The arrangement fee of US$305,000 payable by Woodlands Park Shipping Co. Pte. Ltd. and Woodleigh Park Shipping Co. Pte. Ltd. to Credit Suisse AG on 3 October 2017 in connection with a loan of US$30,500,000 granted under an agreement dated 23 November 2017 for the purpose of part‑financing or refinancing the purchase of the vessels “mv Mimmi Schulte” and “mv Molly Schulte”, is exempt from tax.

Subregulation 2

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The exemption under sub‑paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 9 June 2018 and addressed to Woodlands Park Shipping Co. Pte. Ltd. and Woodleigh Park Shipping Co. Pte. Ltd.

Common questions

What is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2018?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S793-2018 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. 8) Notification 2018 still in force?
Yes — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2018 is currently in force.
When did Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2018 take effect?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2018 was first recorded in 1947.
How many regulations does Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2018 have?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2018 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. 8) Notification 2018?
The official text of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2018 is published at sso.agc.gov.sg.