Regulation 1
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2006.
/akn/sg/act/sub_leg/1947/ITA-S247-2006
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Quick answer
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2006 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S247-2006 1947, currently marked in force and first recorded in 1947.
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2006.
Exemption
There shall be exempt from tax the interest payable by United Overseas Bank Limited to UOB Cayman I Limited on the subordinated intercompany note issued by United Overseas Bank Limited on 13th December 2005.
The exemption is subject to the conditions specified in the letter of approval dated 24th October 2005 addressed to the lawyers of United Overseas Bank Limited.