Regulation 1
Citation and commencement
This Notification is the Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020 and is deemed to have come into operation on 27 April 2018.
/akn/sg/act/sub_leg/1947/ITA-S488-2020
Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S488-2020 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
Subject to sub‑paragraph (3), the interest, commission, fee and other payments payable by Trafigura Group Pte Ltd to any person who is not resident in Singapore —
(a)
in connection with the bonds denominated in Chinese Renminbi and issued in the People’s Republic of China by Trafigura Group Pte Ltd that are specified in sub‑paragraph (2); or
(b)
in connection with any arrangement, management, guarantee, or services relating to such bonds,that are due and payable up to (and including) the date of maturity of the bonds, are exempt from tax.
Subregulation 2
The bonds in sub‑paragraph (1) are those —
(a)
issued on the dates mentioned in the first column of the following table;
(b)
maturing on the respective dates mentioned in the second column of the table; and
(c)
having the respective issue sizes mentioned in the third column of the table:First columnSecond columnThird columnDate of issueDate of maturityIssue size (RMB)27 April 201827 April 2021500 million24 May 201824 May 2021500 million28 Sep 201828 Sep 2021700 million20 May 201920 May 2022540 million
Subregulation 3
The exemption under sub‑paragraph (1) does not apply to —
(a)
any interest, commission, fee or other payments derived from any operation carried on by the person through the person’s permanent establishment in Singapore; or
(b)
any interest, commission, fee or other payments that are due and payable after the date on which Trafigura Pte Ltd (a subsidiary of Trafigura Group Pte Ltd) ceases to be an approved global trading company under section 43P of the Act.
Subregulation 4
The exemption in sub‑paragraph (1) is subject to the conditions specified in the letter of approval dated 4 January 2017 issued by the International Enterprise Singapore Board addressed to Trafigura Group Pte Ltd.
Common questions
- What is Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020?
- Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S488-2020 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020 still in force?
- Yes — Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020 is currently in force.
- When did Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020 take effect?
- Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020 was first recorded in 1947.
- How many regulations does Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020 have?
- Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020 contains 2 regulations.
- Where can I read the official version of Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020?
- The official text of Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) (No. 2) Notification 2020 is published at sso.agc.gov.sg.