Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2006

Regulation 2

Exemption

Subregulation 1

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.

Subregulation 2

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.

Read in full context — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2006 →