Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 2) Notification 2003

Regulation 2

Exemption

There shall be exempt from tax the following payments made by Singapore Aircraft Leasing Enterprise Pte. Ltd.:

(a)

interest payable from 9th May 2002 to 9th November 2013 (both dates inclusive) to Bluebell Leasing Limited under the Finance Lease Agreement dated 6th November 2001 in respect of 2 Boeing B737-800 aircraft with Manufacturer’s Serial Numbers 28070 and 28073; and (b)guaranteed obligations to Crédit Agricole Indosuez S.A., Tokyo branch, under the Guarantee dated 7th November 2001 in respect of the aircraft referred to in sub-paragraph (a).

Read in full context — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 2) Notification 2003 →