Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2016

Regulation 2

Exemption

The interest payable by Loreto Maritime Pte Ltd to —

(a)

CITIC Pacific Limited (now known as CITIC Limited) from 10 February 2014 to 9 September 2014 (both dates inclusive); and

(b)

CITIC Mining International Ltd from 10 September 2014 to 31 October 2014 (both dates inclusive),in respect of a loan of US$198,725 obtained under a loan agreement dated 3 May 2012 for the partial financing of the construction of “Magdragon II” (a vessel registered as a Singapore ship under the Merchant Shipping Act (Cap. 179)), is exempt from tax.

Read in full context — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2016 →