Regulation 1
Citation and commencement
This Notification is the Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020 and is deemed to have come into operation on 30 September 2015.
/akn/sg/act/sub_leg/1947/ITA-S487-2020
Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 3
Quick answer
About this subsidiary legislation
Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S487-2020 1947, currently marked in force and first recorded in 1947.
Regulation 2
Definition
In this Notification, “applicable securities” means the Perpetual Resettable Step‑up Subordinated Securities having an issue size of US$500 million issued by Trafigura Beheer B.V. in accordance with the Offering Circular dated 17 April 2013 as amended on 2 September 2015.
Regulation 3
Exemption
Subregulation 1
Subject to sub-paragraph (2), the interest, commission, fee and other payments payable by Trafigura Group Pte Ltd to any person who is not resident in Singapore on or after 30 September 2015 —
(a)
in connection with the applicable securities; or
(b)
in connection with any arrangement, management, guarantee or services relating to the applicable securities, are exempt from tax.
Subregulation 2
The exemption under sub-paragraph (1) does not apply to —
(a)
any interest, commission, fee or other payments derived from any operation carried on by the person through the person’s permanent establishment in Singapore; or
(b)
any interest, commission, fee or other payments that are due and payable after the date on which Trafigura Pte Ltd (a subsidiary of Trafigura Group Pte Ltd) ceases to be an approved global trading company under section 43P of the Act.
Subregulation 3
The exemption under sub‑paragraph (1) is subject to the conditions specified in the letter of approval dated 12 August 2015 issued by International Enterprise Singapore Board addressed to Trafigura Group Pte Ltd.
Common questions
- What is Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020?
- Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S487-2020 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020 still in force?
- Yes — Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020 is currently in force.
- When did Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020 take effect?
- Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020 was first recorded in 1947.
- How many regulations does Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020 have?
- Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020 contains 3 regulations.
- Where can I read the official version of Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020?
- The official text of Income Tax (Trafigura Group Pte Ltd — Section 13(4) Exemption) Notification 2020 is published at sso.agc.gov.sg.