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Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010

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Type
Subsidiary Legislation
Status
In force
Enacted
1947
Sections
2

Quick answer

About this subsidiary legislation

Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S261-2010 1947, currently marked in force and first recorded in 1947.

Regulation 1

Citation and commencement

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This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 and shall be deemed to have come into operation on 19th October 2009.(2) This Notification shall remain in operation for a period of 10 years until 18th October 2019.

Subregulation 1

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This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 and shall be deemed to have come into operation on 19th October 2009.

Subregulation 2

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This Notification shall remain in operation for a period of 10 years until 18th October 2019.

Regulation 2

Exemption

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Subregulation 1

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There shall be exempt from tax the upfront fees and interest payable by BOC Aviation Pte. Ltd. to the following banks, under the Loan Agreement dated 13th October 2009 in respect of one Boeing 777-300ER aircraft with Manufacturer’s Serial Number 36161:

(a)

Bank of China Limited, Tokyo Branch;

(b)

Bank of China Limited, Macau Branch; and

(c)

Bank of China Limited, Sydney Branch.

Subregulation 2

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The exemption is subject to the terms and conditions specified in the letter of approval dated 29th September 2009 addressed to BOC Aviation Pte. Ltd.

Common questions

What is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010?
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S261-2010 1947, currently marked in force and first recorded in 1947.
Is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 still in force?
Yes — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 is currently in force.
When did Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 take effect?
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 was first recorded in 1947.
How many regulations does Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 have?
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 contains 2 regulations.
Where can I read the official version of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010?
The official text of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2010 is published at sso.agc.gov.sg.