/akn/sg/act/sub_leg/1947/ITA-S453-2005

Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005

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Type
Subsidiary Legislation
Status
In force
Enacted
1947
Sections
3

Quick answer

About this subsidiary legislation

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.

Regulation 1

Citation

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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.

Regulation 2

Exemption

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There shall be exempt from tax —

(a)

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”;

(b)

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

(c)

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).

Regulation 3

Cancellation

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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.

Common questions

What is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005?
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.
Is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005 still in force?
Yes — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005 is currently in force.
When did Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005 take effect?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005 was first recorded in 1947.
How many regulations does Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005 have?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005 contains 3 regulations.
Where can I read the official version of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005?
The official text of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 4) Notification 2005 is published at sso.agc.gov.sg.