Singapore legislation

Regulation 11

of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (Consolidation) Notification

Regulation 11

Amended byS 363/98

There shall be exempt from tax the interest payable by Maritime Leasing Pte Ltd to the following banks under the Loan Agreement dated 26th March 1997, from 1st July 1997 to 1st April 2011:

(a)

ABM AMRO Bank NV, Korea;

(b)

Commercial Bank of Korea Ltd, United Kingdom; and (c)Kookmin Bank, Korea.

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