Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2014

Regulation 2

Exemption

There shall be exempt from tax —

(a)

interest of US$19,470.48 payable by Offshore Support Vessel 14 Pte Ltd to Ship Finance B.V. under the Loan Agreement dated 20 May 2010 for financing the pre‑delivery expenses of the vessel, VOS Hyperion; and

(b)

interest of US$8,212.17 payable by Offshore Support Vessel 14 Pte Ltd to Ship Finance B.V. under the Loan Agreement dated 8 November 2010 for financing the pre‑delivery expenses of the vessel, VOS Hecate.

Read in full context — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 8) Notification 2014 →