/akn/sg/act/sub_leg/1947/ITA-N6
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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-N6 1947, currently marked in force and first recorded in 1947.
The indemnity payments payable by Neptune Orient Lines Limited pursuant to clause 10 of the following loan agreements shall be exempt from income tax from 15th September 1993 to 31st July 2000: Amount of Loan Date of Loan Agreements(1) AUD 78.4m10th May 1991.(2) AUD 100m13th January 1992.(3) AUD 100m21st May 1992.
There shall be exempt from tax for a period of 5 years, with effect from 1st January 1992 —
the interest on any loan, and
the payment on interest rate and currency swap and on other similar transactions,payable by Bridgestone Finance Europe B.V., Singapore branch, if any such interest or payment is not borne, directly or indirectly, by a person resident in Singapore or a permanent establishment in Singapore except in respect of any business carried on outside Singapore by that person or permanent establishment through a permanent establishment outside Singapore.
The interest payable and the swap payments made by Utara Shipping Pte. Ltd. under the following agreements shall be exempt from income tax from 29th October 1993 to 27th November 2000:LendersDate of Agreements(1) Lloyds Bank Plc, United Kingdom18th August 1998.(2) Deutsche Schiffsbank AG, Germany29th October 1993.(3) MeesPierson N.V., England29th October 1993.
The interest payable by Singapore Petroleum Company Limited to CBA International Finance Pty Limited, Australia, under the Facility Agreement dated 29th June 1994 shall be exempt from income tax from 30th June 1994 to 30th June 1997.
The interest payable by Osprey Tankships Pte Ltd to Gannet Carriers Ltd, Liberia and Ryoshin International (Hong Kong) Limited, Hong Kong, under the Loan Agreement dated 9th March 1994 shall be exempt from income tax from 9th March 1994 to 31st July 1996.
The interest payable by Ci Shipping Pte Ltd to Swedbank (Sparbanken Sverige AB), Sweden, under the Loan Agreement dated 10th May 1994 shall be exempt from income tax from 10th May 1994 to 29th November 1999.
The interest payments made by Singmarine Industries Limited to Westpac Asian Lending Pty Limited, Australia, under the Loan Agreement dated 29th September 1994 shall be exempt from income tax from 29th September 1994 to 29th September 1999.
The swap payments made to Westpac Banking Corporation under the ISDA Master Agreement dated 3rd November 1994 shall also be exempt from income tax from 3rd November 1994 to 29th September 1999.
The interest payments made by Keppel Corporation Limited to Westpac Asian Lending Pty Limited, Australia, under the Loan Agreement dated 29th September 1994 shall be exempt from income tax from 29th September 1994 to 29th September 1999.
The swap payments made to Westpac Banking Corporation under the ISDA Master Agreement dated 3rd November 1994 shall also be exempt from income tax from 3rd November 1994 to 29th September 1999.