Regulation 1
Citation and commencement
This Notification is the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018 and is deemed to have come into operation on 11 December 2017.
/akn/sg/act/sub_leg/1947/ITA-S57-2018
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018
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 for Economic and Technological Development) Notification 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S57-2018 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest payable during the period starting on 11 December 2017 and ending on 11 December 2022, by Eterna Capital Pte. Ltd. to any person who is not resident in Singapore, under the Indenture dated 11 December 2017, in respect of the Series A and B guaranteed senior secured notes which mature in 2022, is exempt from tax.
Subregulation 2
The interest payable during the period starting on 11 December 2017 and ending on 11 December 2024, by Innovate Capital Pte. Ltd. to any person who is not resident in Singapore, under the Trust Deed dated 11 December 2017, in respect of the convertible bonds with a guaranteed interest rate of 6% per annum and which mature in 2024, is exempt from tax.
Subregulation 3
The exemptions under sub‑paragraphs (1) and (2) are subject to the following conditions:
(a)
the person to whom the interest is payable did not use any funds obtained through the operation of any permanent establishment in Singapore to purchase the notes or bonds (as the case may be);
(b)
the terms and conditions specified in the letter of approval dated 17 November 2017 addressed to Withers KhattarWong, legal representative of PT Bumi Resources Tbk, are satisfied.
Common questions
- What is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S57-2018 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018 still in force?
- Yes — Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018 is currently in force.
- When did Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018 take effect?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018 was first recorded in 1947.
- How many regulations does Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018 have?
- Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018 contains 2 regulations.
- Where can I read the official version of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018?
- The official text of Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2018 is published at sso.agc.gov.sg.