Regulation 1
Citation and commencement
This Notification is the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2019 and is deemed to have come into operation on 28 December 2017.
/akn/sg/act/sub_leg/1947/ITA-S300-2019
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2019
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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. 2) Notification 2019 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S300-2019 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The amount of US$297,632.25 payable by Pacific International Lines (Private) Limited to BNP Paribas, Tokyo Branch, being the total of the arrangement fee, agency fee and security trustee fee payable in respect of the loan agreement entered into between Shark Ltd. and BNP Paribas, Tokyo Branch dated 26 December 2017, for the purpose of financing the purchase of containers by Shark Ltd., is exempt from tax.
Subregulation 2
The interest of US$3,670,107.27 payable by Pacific International Lines (Private) Limited to Shark Ltd. in respect of the leasing of the containers mentioned in sub‑paragraph (1) under an equipment lease agreement dated 26 December 2017, is exempt from tax.
Subregulation 3
The exemptions in sub‑paragraphs (1) and (2) are subject to the conditions specified in the letter of approval dated 10 July 2018 issued by the Ministry of Finance and addressed to Pacific International Lines (Private) Limited.
Common questions
- What is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2019?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2019 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S300-2019 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. 2) Notification 2019 still in force?
- Yes — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2019 is currently in force.
- When did Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2019 take effect?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2019 was first recorded in 1947.
- How many regulations does Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2019 have?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2019 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. 2) Notification 2019?
- The official text of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2019 is published at sso.agc.gov.sg.