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Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 3) 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. 3) Notification 2019 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S388-2019 1947, currently marked in force and first recorded in 1947.

Regulation 1

Citation and commencement

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This Notification is the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 3) Notification 2019 and is deemed to have come into operation on 21 September 2018.

Regulation 2

Exemption

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Subregulation 1

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The interest payable by Pacific International Lines (Private) Limited to Hai Ping 1801 Limited under a container lease agreement dated 19 September 2018 of an amount up to a maximum of US$13,511,637.64, is exempt from tax.

Subregulation 2

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An amount of US$412,578, being part of the upfront fee payable by Pacific International Lines (Private) Limited to Hai Ping 1801 Limited for the container lease agreement mentioned in sub‑paragraph (1), is exempt from tax.

Subregulation 3

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The exemptions under sub‑paragraphs (1) and (2) are subject to the conditions specified in paragraphs 5 and 6 of the letter of approval dated 14 January 2019 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. 3) Notification 2019?
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 3) Notification 2019 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S388-2019 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. 3) Notification 2019 still in force?
Yes — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 3) Notification 2019 is currently in force.
When did Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 3) Notification 2019 take effect?
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 3) 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. 3) Notification 2019 have?
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 3) 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. 3) Notification 2019?
The official text of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 3) Notification 2019 is published at sso.agc.gov.sg.