Regulation 1
Citation and commencement
This Notification is the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019 and is deemed to have come into operation on 30 June 2018.
/akn/sg/act/sub_leg/1947/ITA-S175-2019
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S175-2019 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest of US$295,238.34, commitment fee of US$7,875.00 and arrangement fee of US$70,875.00 payable by Nordic Aviation Leasing Twenty Three Pte Ltd to Flip No. 121 Co., Ltd during the period starting on 30 June 2018 and ending on 30 September 2018, under an aircraft lease agreement dated 22 May 2018 in respect of the leasing of aircraft “MSN 4580”, are exempt from tax.
Subregulation 2
The interest of US$228,449.38, commitment fee of US$19,687.50 and arrangement fee of US$70,875.00 payable by Nordic Aviation Leasing Twenty Four Pte Ltd to Flip No. 150 Co., Ltd during the period starting on 30 June 2018 and ending on 30 September 2018, under an aircraft lease agreement dated 14 June 2018 in respect of the leasing of aircraft “MSN 4582”, are exempt from tax.
Subregulation 3
The exemptions under sub-paragraphs (1) and (2) are subject to the conditions specified in the letter of approval dated 24 December 2018 issued by the Ministry of Finance and addressed to Nordic Aviation Capital Pte Ltd.
Common questions
- What is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S175-2019 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019 still in force?
- Yes — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019 is currently in force.
- When did Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019 take effect?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019 was first recorded in 1947.
- How many regulations does Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019 have?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019 contains 2 regulations.
- Where can I read the official version of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019?
- The official text of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2019 is published at sso.agc.gov.sg.