Regulation 1
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005.
/akn/sg/act/sub_leg/1947/ITA-S453-2005
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Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S453-2005 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 on Economic and Technological Development Loans) (No. 4) Notification 2005.
Exemption
There shall be exempt from tax —
interest payable by Hung Fu Shipping (Singapore) Pte. Ltd. from 24th July 2003 to 24th January 2006 (both dates inclusive) to Orion Line Shipping S.A. under the Loan Agreement dated 31st March 2003 in respect of the vessel “M/V Nord Star”;
front-end fees payable by Hung Fu Shipping (Singapore) Pte. Ltd. to Orion Line Shipping S.A. under the Loan Agreement referred to in sub-paragraph (a); and
recurring loan facility fees payable by Hung Fu Shipping (Singapore) Pte. Ltd. to its guarantors in respect of the Loan Agreement referred to in sub-paragraph (a).
Cancellation
The Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2005 (G.N. No. S 42/2005) is cancelled with effect from 20th January 2005.