Regulation 1
Citation and commencement
This Notification is the Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023 and is deemed to have come into operation on 30 September 2019.
/akn/sg/act/sub_leg/1947/ITA-S204-2023
Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S204-2023 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest payable by Argosy Pte. Ltd. —
(a)
to the lenders mentioned in the first column of the following table;
(b)
in respect of the respective loan amounts mentioned in the second column of the table, being amounts that are or are to be used for the purpose of financing the purchase and installation of an exhaust gas cleaning system or a scrubber system of the respective vessels mentioned in the third column of the table;
(c)
under the respective agreements mentioned in the fourth column of the table; and (d)that is due and payable during the respective periods mentioned in the fifth column of the table, is exempt from tax:First columnSecond columnThird columnFourth columnFifth columnLenderLoan amount (US$/JPY)Vessel and systemAgreementPeriod (both dates inclusive)Mizuho Bank, Ltd.US$6,426,000Cezanne (exhaust gas cleaning system)Loan agreement dated 24 September 201930 September 2019 to 31 August 2023Cygnus Line Shipping S.A.JPY445,625,000APL Florida (scrubber system)Loan agreement dated 29 October 202020 December 2020 to 20 May 2023
Subregulation 2
The exemption in sub‑paragraph (1) is subject to the conditions specified in the letter from the Ministry of Finance dated 22 March 2023 and addressed to Argosy Pte. Ltd.
Common questions
- What is Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023?
- Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S204-2023 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023 still in force?
- Yes — Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023 is currently in force.
- When did Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023 take effect?
- Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023 was first recorded in 1947.
- How many regulations does Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023 have?
- Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023 contains 2 regulations.
- Where can I read the official version of Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023?
- The official text of Income Tax (Argosy Pte. Ltd. — Section 13(4) Exemption) Notification 2023 is published at sso.agc.gov.sg.