Singapore legislation

Regulation 8

of Income Tax (Exemption of Interest on Economic and Technological Development Loans) (Consolidation) Notification

Regulation 8

Amended byS 341/9320.8.93

Subregulation 1

There shall be exempt from tax interest received from any of the A$100,000,000 Commonwealth Bank of Australia 8¾% Notes due 14th September 2000 issued on 20th July 1992 by —

(a)

any non-resident individual; and

(b)

any person, other than an individual, if that person does not, by himself or in association with others, carry on a business in Singapore and does not have a permanent establishment in Singapore.

Subregulation 2

Amended byS 341/9320.8.93

The exemption is subject to the conditions stipulated in the Ministry of Finance’s letter dated 22nd January 1985.

Read in full context — Income Tax (Exemption of Interest on Economic and Technological Development Loans) (Consolidation) Notification →