laws.sg

/akn/sg/act/sub_leg/1947/ITA-S361-2013

Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013

The full official text, structured for quick navigation. Copy any provision or jump straight to a section.

Open source PDF
Type
Subsidiary Legislation
Status
In force
Enacted
1947
Sections
2

Quick answer

About this subsidiary legislation

Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S361-2013 1947, currently marked in force and first recorded in 1947.

Regulation 1

Citation and commencement

Open as pageSuggest a correction

This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013 and shall be deemed to have come into operation on 1st December 2011.

Regulation 2

Exemption

Open as pageSuggest a correction

Subregulation 1

Suggest a correction

There shall be exempt from tax, the interest payable on or after 1st December 2011 by Thor Fortune Shipping Pte. Ltd. to Japan Bank for International Cooperation and Societe Generale, Tokyo Branch on a loan granted under the Loan Agreement dated 31st October 2007, for financing the construction of the vessel “Thor Fortune” (referred to in this Notification as “the vessel”).

Subregulation 2

Suggest a correction

The exemption under sub-paragraph (1) —

(a)

is subject to the terms and conditions specified in the letter of approval dated 19th April 2013 addressed to Thor Fortune Shipping Pte. Ltd.; and

(b)

shall not apply to any interest payable after the earliest of the following:

(i)

1st June 2023;

(ii)

the date of termination of the loan;

(iii)

the date on which the vessel is transferred or disposed of by Thor Fortune Shipping Pte. Ltd.;

(iv)

the date on which the vessel ceases to be registered with the Singapore Registry of Ships.

Common questions

What is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S361-2013 1947, currently marked in force and first recorded in 1947.
Is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013 still in force?
Yes — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013 is currently in force.
When did Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013 take effect?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013 was first recorded in 1947.
How many regulations does Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013 have?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013 contains 2 regulations.
Where can I read the official version of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013?
The official text of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2013 is published at sso.agc.gov.sg.