Singapore legislation

Regulation 6

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

Regulation 6

Amended byS 111/98

There shall be exempt from tax for a period of 5 years, with effect from 1st January 1997 —

(a)

the interest on any loan; and

(b)

the payment on interest rate and currency swap and on other similar transactions,payable in currencies other than Singapore dollars by Bridgestone Finance Europe B.V., Singapore branch, to any of its approved offices or associated companies outside Singapore or to any bank outside Singapore, subject to the terms and conditions specified in the letter of approval dated 23rd January 1998 addressed to the company.

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