Regulation 1
Citation and commencement
This Notification is the Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020 and is deemed to have come into operation on 8 April 2019.
/akn/sg/act/sub_leg/1947/ITA-S562-2020
Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S562-2020 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest payable by TSCL Holdings Pte. Ltd. —
(a)
to the respective non-resident persons mentioned in the first column of the following table;
(b)
in respect of the respective amounts mentioned in the second column of the table that are used for the purposes of financing the acquisition of the respective vessels mentioned in the third column of the table;
(c)
under the respective 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 column Second columnThird column Fourth columnFifth columnNon-resident personAmount (US$)VesselAgreementPeriod (both dates inclusive)hsh portfoliomanagement AöR17,000,000“M.V. Prabhu Lal” and “M.V. Prabhu Mihikaa”Loan agreement dated 28 March 20195 July 2019 to 30 November 2023Tolani Shipping Co. Ltd9,000,000“M.V. Prabhu Lal”Memorandum of agreement dated 18 March 20198 April 2019 to 25 April 2019Tolani Shipping Co. Ltd9,750,000“M.V. Prabhu Mihikaa”Memorandum of agreement dated 18 March 201912 April 2019 to 30 April 2019
Subregulation 2
The exemption under sub-paragraph (1) is subject to the conditions specified in the letter of approval dated 29 May 2020 issued by the Ministry of Finance and addressed to TSCL Holdings Pte. Ltd.
Common questions
- What is Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020?
- Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S562-2020 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020 still in force?
- Yes — Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020 is currently in force.
- When did Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020 take effect?
- Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020 was first recorded in 1947.
- How many regulations does Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020 have?
- Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020 contains 2 regulations.
- Where can I read the official version of Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020?
- The official text of Income Tax (TSCL Holdings Pte. Ltd. — Section 13(4) Exemption) Notification 2020 is published at sso.agc.gov.sg.