Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 3) Notification 2008

Regulation 2

Definitions

In this Notification —“break cost”, “debt securities”, “financial sector incentive (bond market) company”, “prepayment fee”, “qualifying debt securities”, “redemption premium” and “related party” have the same meanings as in section 13(16) of the Act;“funds from Singapore operations”, in relation to a person, means the funds and profits of that person’s operations derived through a permanent establishment in Singapore;“notes” means notes issued by Bridgestone Finance Europe B.V. through its Singapore branch under the programme;“programme” means the US$800,000,000 Euro Medium Term Note Programme first entered into on 5th November 1991 by Bridgestone Finance Europe B.V.;“specified income” means any interest, prepayment fee, redemption premium or break cost payable in respect of any notes;“specified period” means the period from 27th June 2007 to 31st December 2008 (both dates inclusive).

Definition

“break cost”, “debt securities”, “financial sector incentive (bond market) company”, “prepayment fee”, “qualifying debt securities”, “redemption premium” and “related party” have the same meanings as in section 13(16) of the Act;

Definition

“funds from Singapore operations”, in relation to a person, means the funds and profits of that person’s operations derived through a permanent establishment in Singapore;

Definition

“notes” means notes issued by Bridgestone Finance Europe B.V. through its Singapore branch under the programme;

Definition

“programme” means the US$800,000,000 Euro Medium Term Note Programme first entered into on 5th November 1991 by Bridgestone Finance Europe B.V.;

Definition

“specified income” means any interest, prepayment fee, redemption premium or break cost payable in respect of any notes;

Definition

“specified period” means the period from 27th June 2007 to 31st December 2008 (both dates inclusive).