Regulation 1
Citation and commencement
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003.
/akn/sg/act/sub_leg/1947/ITA-S494-2003
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003
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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) Notification 2003 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S494-2003 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
Subject to sub‑paragraph (2), there shall be exempt from tax any payment in the nature of income referred to in section 12(6) of the Act made by Hitachi International Treasury Ltd on commercial paper notes issued under the US $800 million Commercial Paper Notes Programme during the period from 1st September 2003 to 31st August 2008 to any person who is not resident in Singapore and —
(a)
who carries on any operation in Singapore through a permanent establishment in Singapore where the funds used by that person to acquire the commercial paper notes under that programme are not obtained from that operation; or
(b)
who does not have any permanent establishment in Singapore.
Subregulation 2
The exemption in paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 21st August 2003 and subsequent correspondences, if any, addressed to the company.
Common questions
- What is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S494-2003 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003 still in force?
- Yes — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003 is currently in force.
- When did Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003 take effect?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003 was first recorded in 1947.
- How many regulations does Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003 have?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003 contains 2 regulations.
- Where can I read the official version of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003?
- The official text of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003 is published at sso.agc.gov.sg.