Singapore legislation

Regulation 2

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

Regulation 2

Amended byS 49/944.2.94

There shall be exempt from tax for a period of 5 years, with effect from 1st January 1992 —

(a)

the interest on any loan, and

(b)

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.

Read in full context — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (Consolidation) Notification →