Regulation 1
Citation and commencement
This Notification is the Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022 and is deemed to have come into operation on 30 November 2021.
/akn/sg/act/sub_leg/1947/ITA-S881-2022
Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S881-2022 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest payable by SY RORO 4 Pte. Ltd., a wholly‑owned subsidiary of Seven Yield Pte. Ltd., to Oriental Fleet RORO 01 Limited during the relevant period, under a sale and lease‑back agreement dated 25 November 2021 in respect of the vessel “LIEKUT”, is exempt from tax.
Subregulation 2
The exemption under sub-paragraph (1) is subject to the conditions specified in the letter from the Ministry of Finance dated 13 October 2022 and addressed to EY Corporate Advisors Pte. Ltd.
Subregulation 3
In this paragraph, “relevant period” means the period starting on 30 November 2021 and ending on the earlier of the following (both dates inclusive):
(a)
29 November 2026;
(b)
the date of withdrawal or revocation of the approval given under section 13P of the Act to Seven Yield Pte. Ltd. as an approved shipping investment enterprise, if the approval is so withdrawn or revoked.
Common questions
- What is Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022?
- Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S881-2022 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022 still in force?
- Yes — Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022 is currently in force.
- When did Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022 take effect?
- Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022 was first recorded in 1947.
- How many regulations does Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022 have?
- Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022 contains 2 regulations.
- Where can I read the official version of Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022?
- The official text of Income Tax (SY RORO 4 Pte. Ltd. — Section 13(4) Exemption) Notification 2022 is published at sso.agc.gov.sg.