Singapore legislation

Regulation 3

of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2004

Regulation 3

Withdrawal of exemption

Subregulation 1

The Minister may withdraw the exemption granted under paragraph 2 to a shipping enterprise in respect of any Singapore ship if —

(a)

the ship ceases to be registered as a Singapore ship; or

(b)

the certificate of registry of the Singapore ship is suspended for any reason.

Subregulation 2

Any withdrawal under sub-paragraph (1) shall not affect the exemption granted under paragraph 2 to a shipping enterprise in respect of any other ships that are registered as Singapore ships by the shipping enterprise.

Read in full context — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2004 →