Regulation 1
Citation and commencement
These Rules may be cited as the Stamp Duties (Shipping Investment Enterprise) (Remission) Rules 2008 and shall be deemed to have come into operation on 1st March 2006.
/akn/sg/act/sub_leg/1929/SDA-S21-2008
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Quick answer
Stamp Duties (Shipping Investment Enterprise) (Remission) Rules 2008 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SDA-S21-2008 1929, currently marked in force and first recorded in 1929.
Citation and commencement
These Rules may be cited as the Stamp Duties (Shipping Investment Enterprise) (Remission) Rules 2008 and shall be deemed to have come into operation on 1st March 2006.
Definitions
In these Rules —“approved shipping investment enterprise” and “sea-going ship” have the same meanings as in section 13S of the Income Tax Act (Cap. 134);“special purpose company” means any company that is established solely in order to own or operate any sea-going ship.
“approved shipping investment enterprise” and “sea-going ship” have the same meanings as in section 13S of the Income Tax Act (Cap. 134);
“special purpose company” means any company that is established solely in order to own or operate any sea-going ship.
Remission of duty
There shall be remitted all duty chargeable under the Act on any contract, agreement or instrument executed during the period from 1st March 2006 to 28th February 2011 (both dates inclusive) relating to the conveyance, assignment or transfer on sale of any stock or shares in any special purpose company or any interest thereof from any person to an approved shipping investment enterprise that —
is listed on the Singapore Exchange; or
is to be listed on the Singapore Exchange —
within one month from the execution of such conveyance, assignment or transfer; or
within such longer period, and on such terms and conditions, as the Minister or such other person as he may appoint may specify.