Regulation 1
Citation and commencement
This Notification is the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021 and is deemed to have come into operation on 29 February 2020.
/akn/sg/act/sub_leg/1947/ITA-S561-2021
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S561-2021 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest payable by Grand Blue Shipping Pte. Ltd. —
(a)
to the lenders mentioned in the first column of the following table; (b)in respect of the respective loan amounts mentioned in the second column of the table used to finance the construction of the ship “Sunny Putney”; (c)under the loan agreements amended by the respective amendment loan agreements mentioned in the third column of the table and the respective interest rate amendment agreements mentioned in the fourth column of the table; and (d)that is due and payable during the respective periods mentioned in the fifth column of the table, is exempt from tax: First columnSecond columnThird columnFourth columnFifth columnLenderLoan amount (JPY)Amendment loan agreementInterest rate amendment agreement Period (both dates inclusive)The Kagawa Bank, Ltd. 717,420,000Amendment loan agreement dated 25 February 2020Interest rate amendment agreement dated 27 February 202029 February 2020 to 28 February 2022 The Tokushima Bank, Ltd.717,420,000Amendment loan agreement dated 25 February 2020Interest rate amendment agreement dated 25 February 2020 2 March 2020 to 28 February 2022
Subregulation 2
The exemption under sub-paragraph (1) is subject to the conditions specified in the letter of approval dated 1 July 2021 and addressed to Grand Blue Shipping Pte. Ltd.
Common questions
- What is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S561-2021 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021 still in force?
- Yes — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021 is currently in force.
- When did Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021 take effect?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021 was first recorded in 1947.
- How many regulations does Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021 have?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021 contains 2 regulations.
- Where can I read the official version of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021?
- The official text of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2021 is published at sso.agc.gov.sg.