Regulation 1
Citation and commencement
This Notification is the Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025 and is deemed to have come into operation on 28 November 2022.
/akn/sg/act/sub_leg/1947/ITA-S262-2025
Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 3
Quick answer
About this subsidiary legislation
Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S262-2025 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption for acquisition of GWN 2
Subregulation 1
The interest of US$186,171.69 paid by Great Wave Navigation Pte. Ltd. to Shinsei Bank, Limited on 28 November 2022 in respect of the loan amount of US$20,020,000 under the loan agreement dated 31 August 2020 between Great Wave Navigation Pte. Ltd. and Shinsei Bank, Limited (as amended under the agreement dated 15 January 2021 and the deed dated 9 March 2022) for financing the acquisition of the vessel “GWN 2”, 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 10 March 2025 and addressed to Great Wave Navigation Pte. Ltd.
Regulation 3
Exemption for acquisition of GWN 3
Subregulation 1
The interest of US$79,708.01 paid by Great Wave Navigation Pte. Ltd. to Shinsei Bank, Limited on 21 February 2023 in respect of the loan amount of US$20,020,000 under the loan agreement dated 11 December 2020 between Great Wave Navigation Pte. Ltd. and Shinsei Bank, Limited (as amended under the deed dated 21 February 2022) for financing the acquisition of the vessel “GWN 3”, 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 10 March 2025 and addressed to Great Wave Navigation Pte. Ltd.
Common questions
- What is Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025?
- Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S262-2025 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025 still in force?
- Yes — Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025 is currently in force.
- When did Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025 take effect?
- Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025 was first recorded in 1947.
- How many regulations does Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025 have?
- Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025 contains 3 regulations.
- Where can I read the official version of Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025?
- The official text of Income Tax (Great Wave Navigation Pte. Ltd. — Section 13(4) Exemption) Notification 2025 is published at sso.agc.gov.sg.