Regulation 1
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2008.
/akn/sg/act/sub_leg/1947/ITA-S285-2008
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Quick answer
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2008 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S285-2008 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) (No. 2) Notification 2008.
Exemption
There shall be exempt from tax the interest payable by DBS Bank Limited to DBS Capital Funding II Corporation on the subordinated intercompany note issued by DBS Bank Limited on 27th May 2008.
The exemption is subject to the conditions specified in the letter of approval dated 16th May 2008 addressed to DBS Bank Limited.