Singapore legislation

Regulation 12

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

Regulation 12

Amended byS 416/98

There shall be exempt from withholding tax the interest payable by Hung Fu Shipping (Singapore) Pte Ltd to NL Digitalis Shipping (Panama) S.A., under the Deferred Sale Agreement dated 30th June 1997, from 29th May 1998 to 29th April 2008.