laws.sg

/akn/sg/act/sub_leg/1947/ITA-S763-2018

Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2018

The full official text, structured for quick navigation. Copy any provision or jump straight to a section.

Open source PDF
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) (No. 6) Notification 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S763-2018 1947, currently marked in force and first recorded in 1947.

Regulation 1

Citation and commencement

Open as pageSuggest a correction

This Notification is the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2018 and is deemed to have come into operation on 4 January 2017.

Regulation 2

Exemption

Open as pageSuggest a correction

Subregulation 1

Suggest a correction

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 respective novation agreements mentioned in the third column of the table; and

(d)

that is due and payable during the respective periods mentioned in the fourth column of the table,is exempt from tax:First columnSecond columnThird columnFourth columnLenderLoan amount in JPYNovation agreementPeriod (both dates inclusive)The Kagawa Bank, Ltd885,000,000Novation agreement dated 30 November 20164 January 2017 to 2 March 2020The Tokushima Bank, Ltd885,000,000Novation agreement dated 30 November 20164 January 2017 to 2 March 2020

Subregulation 2

Suggest a correction

The exemption under sub‑paragraph (1) is subject to the conditions specified in the letter of approval dated 11 April 2018 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) (No. 6) Notification 2018?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2018 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S763-2018 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) (No. 6) Notification 2018 still in force?
Yes — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2018 is currently in force.
When did Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2018 take effect?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2018 was first recorded in 1947.
How many regulations does Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2018 have?
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2018 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) (No. 6) Notification 2018?
The official text of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 6) Notification 2018 is published at sso.agc.gov.sg.