Singapore legislation

Regulation 2

of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2008

Regulation 2

Exemption

Subregulation 1

There shall be exempt from tax the payments made under an agreement or arrangement for the charter of any aircraft by an approved aircraft leasing company from a person not resident in Singapore (excluding a permanent establishment in Singapore), subject to such conditions as may be imposed by the Minister and notified to the approved aircraft leasing company.

Subregulation 2

In sub-paragraph (1), “approved aircraft leasing company” means an aircraft leasing company approved under section 43Y of the Act.

Read in full context — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 5) Notification 2008 →