Singapore legislation

Regulation 3

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

Regulation 3

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.