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

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Type
Subsidiary Legislation
Status
In force
Enacted
1947
Sections
5

Quick answer

About this subsidiary legislation

Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-N5 1947, currently marked in force and first recorded in 1947.

Regulation 1

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Amended byS 303/93 — 16.7.93

The following payments made by Neptune Orient Lines Ltd shall be exempt from income tax from 27th November 1992 to 28th November 2000:

(a)

the interest payable on the loan of AUD100,000,000 provided by Prevalent Pty Limited, Australia under the Term Loan Agreement dated 25th August 1992;

(b)

the swap payments on the cross-currency interest rate swap on AUD100,000,000; and

(c)

the legal, arrangement, commitment, guarantee and agency fees totalling AUD1,053,000 in connection with the loan and swap facility.

Regulation 2

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Amended byS 312/93 — 23.7.93

The interest payable and the swap payments made by Neptune Orient Lines Limited on the following agreements shall be exempt from income tax from 22nd June 1992 to 31st July 2000:Lenders.Date of Agreements.(1)Westpac Asian Lending Pty Limited, Australia13th January 1993 and 21st May 1992(2)Gammaton Pty Limited, Australia13th January 1992.

Regulation 3

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Amended byS 371/93 — 17.9.93

The termination fee payable on the following loan shall be exempt from income tax:Borrower.Lender.Date of Loan.Utara Shipping Pte. Ltd.N.V. Nissho Iwai (Benelux) S.A. Belgium14th November 1986.

Regulation 5

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Amended byS 504/93 — 17.12.93

The interest and guarantee, underwriting, participation and commitment fees payable on the following loan shall be exempt from income tax from 15th February 1993 to 31st December 1998:Borrower.Lenders.Date of Agreement and the Facilities.Tech Semiconductor Singapore Pte. Ltd.(a)Banca Di Roma, Houston Agency USA )15th February 1993Tranche A FacilityTranche B FacilityTranche C Facility (b)Trust Company Bank USA )15th February 1993Tranche A FacilityTranche B FacilityTranche C Facility

Common questions

What is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-N5 1947, currently marked in force and first recorded in 1947.
Is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification still in force?
Yes — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification is currently in force.
When did Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification take effect?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification was first recorded in 1947.
How many regulations does Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification have?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification contains 5 regulations.
Where can I read the official version of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification?
The official text of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification is published at sso.agc.gov.sg.