Regulation 1
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2015.
/akn/sg/act/sub_leg/1947/ITA-S52-2015
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2015
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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) Notification 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S52-2015 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
There shall be exempt from tax the interest payable on or after 24 April 2014 by MTM Antwerp Pte Ltd. to Nissin Unyu Co., Ltd. under a Bareboat Chartering Agreement dated 2 April 2014 for the leasing of the vessel “MTM Antwerp” (referred to in this Notification as the vessel).
Subregulation 2
The exemption under sub‑paragraph (1) —
(a)
is subject to the terms and conditions specified in the letter of approval dated 23 September 2014 issued by the Ministry of Finance and addressed to MTM Antwerp Pte Ltd.; and
(b)
shall not apply to any interest payable after the earliest of the following:
(i)
22 April 2019;
(ii)
the date of termination of the Bareboat Chartering Agreement;
(iii)
the date of transfer or disposal of the vessel;
(iv)
the date immediately preceding the date of closure or deemed closure or suspension of the registry of the vessel under the Merchant Shipping Act (Cap. 179).
Common questions
- What is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2015?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2015 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S52-2015 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) Notification 2015 still in force?
- Yes — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2015 is currently in force.
- When did Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2015 take effect?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2015 was first recorded in 1947.
- How many regulations does Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2015 have?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2015 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) Notification 2015?
- The official text of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2015 is published at sso.agc.gov.sg.