Regulation 1
Citation and commencement
This Notification is the Income Tax (Grace Ocean Private Limited — 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-S205-2023
Income Tax (Grace Ocean Private Limited — 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 (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S205-2023 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest payable by Grace Ocean Private Limited during the period from 30 September 2019 to 31 August 2023 (both dates inclusive) in respect of the loan amount of US$6,426,000 under a loan agreement dated 24 September 2019 between Mizuho Bank, Ltd. and Grace Ocean Private Limited, that is used for the purpose of financing the purchase and installation of the exhaust gas cleaning system of the vessel “Dali”, is exempt from tax.
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 Grace Ocean Private Limited.
Common questions
- What is Income Tax (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023?
- Income Tax (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S205-2023 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023 still in force?
- Yes — Income Tax (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023 is currently in force.
- When did Income Tax (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023 take effect?
- Income Tax (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023 was first recorded in 1947.
- How many regulations does Income Tax (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023 have?
- Income Tax (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023 contains 2 regulations.
- Where can I read the official version of Income Tax (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023?
- The official text of Income Tax (Grace Ocean Private Limited — Section 13(4) Exemption) Notification 2023 is published at sso.agc.gov.sg.