Singapore legislation

Regulation 8

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

Regulation 8

Amended byS 473/9416.12.94

Subregulation 1

Amended byS 473/9416.12.94

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.

Subregulation 2

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.

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