Regulation 1
Citation and commencement
This Notification is the Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025 and is deemed to have come into operation on 29 March 2021.
/akn/sg/act/sub_leg/1947/ITA-S534-2025
Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S534-2025 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest of US$1,459,073.78 paid by PSU First Pte. Ltd. and PSU Tenth Pte. Ltd. to Credit Suisse AG during the period from 29 March 2021 to 27 September 2022 (both dates inclusive) in respect of the loan amount of US$40,000,000 under the loan agreement dated 22 December 2020 between PSU First Pte. Ltd. and PSU Tenth Pte. Ltd. (as borrowers) and Credit Suisse AG (as lender) for re‑financing the acquisition of the vessels “PSU First” and “PSU Tenth”, is exempt from tax.
Subregulation 2
The exemption in sub‑paragraph (1) is subject to the conditions specified in the letter from the Ministry of Finance dated 23 April 2025 and addressed to PSU First Pte. Ltd., PSU Third Pte. Ltd. and PSU Tenth Pte. Ltd.
Common questions
- What is Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025?
- Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S534-2025 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025 still in force?
- Yes — Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025 is currently in force.
- When did Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025 take effect?
- Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025 was first recorded in 1947.
- How many regulations does Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025 have?
- Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025 contains 2 regulations.
- Where can I read the official version of Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025?
- The official text of Income Tax (PSU First Pte. Ltd., etc. — Section 13(4) Exemption) Notification 2025 is published at sso.agc.gov.sg.