Singapore legislation
Regulation 9
of Income Tax (Shipping Enterprises — Section 13(4) Exemption) Notification 2025
Regulation 9
General provisions applicable to exemptions under this Part
Subregulation 1
The exemption under paragraph 5, 6 or 8 does not apply to any payment or part of any payment liable to be made under an agreement for a loan obtained before 24 February 2015, being a payment or part of a payment that is exempt from tax under any other exemption granted under the Act or any subsidiary legislation made under the Act.
Subregulation 2
The exemption under paragraph 5, 6 or 8 only applies to a qualifying payment liable to be made —
at any time on or after the date the shipping enterprise makes a declaration, in relation to the applicable loan, to the Authority, in the form specified by the Authority for the purposes of this sub‑paragraph; or
if the declaration mentioned in sub‑paragraph (a) is made on or before the 15th day of a month — at any time on or after the first day of the previous month.
Subregulation 3
Sub‑paragraph (2) does not apply to any qualifying payment liable to be made under an agreement for an applicable loan in relation to which a declaration under paragraph 3(4) of the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2014 (G.N. No. S 161/2014) had previously been made.