Regulation 1
Citation
This Notification may be cited as the Income Tax (Exemption of Payments for Economic and Technological Development) (No. 2) Notification 2011.
/akn/sg/act/sub_leg/1947/ITA-S337-2011
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
Quick answer
Income Tax (Exemption of Payments for Economic and Technological Development) (No. 2) Notification 2011 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S337-2011 1947, currently marked in force and first recorded in 1947.
Citation
This Notification may be cited as the Income Tax (Exemption of Payments for Economic and Technological Development) (No. 2) Notification 2011.
Exemption
There shall be exempt from tax the royalties payable by Singapore Precision Industries Pte Ltd to the International Olympic Committee on or before 30th July 2011 for the —
rights granted by the International Olympic Committee under the International Distribution Agreement dated 5th August 2010; and
rights granted under the Merchandise License Agreement dated 23rd June 2010,in respect of the 1st Summer Youth Olympic Games held in Singapore from 14th August 2010 to 26th August 2010.