Regulation 1
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) Notification 2001.
/akn/sg/act/sub_leg/1947/ITA-S249-2001
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Quick answer
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) Notification 2001 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S249-2001 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 Loans) Notification 2001.
Exemption
There shall be exempt from tax the interest payable under the junior subordinated notes by The Development Bank of Singapore Limited to DBS Capital Funding Corporation.
Terms and conditions of exemption
The exemption under paragraph 2 is subject to terms and conditions specified in the Monetary Authority of Singapore’s letter of approval dated 16th March 2001.