Regulation 1
Citation and commencement
This Notification is the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2019 and is deemed to have come into operation on 10 June 2018.
/akn/sg/act/sub_leg/1947/ITA-S83-2019
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2019
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- 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 2019 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S83-2019 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest of US$524,092.31 payable by STC Shipping Pte. Ltd. to Mizuho Bank, Ltd., Imabari Branch, from 10 June 2018 to 10 May 2021 (both dates inclusive), in respect of a loan amount of US$9,600,000 granted under a loan agreement dated 7 May 2018, for the purpose of financing the purchase of the vessel “STC Sentosa”, is exempt from tax.
Subregulation 2
The exemption under sub‑paragraph (1) is subject to the conditions specified in the letter of approval dated 1 February 2019 issued by the Ministry of Finance and addressed to STC Shipping Pte. Ltd.
Common questions
- What is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2019?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2019 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S83-2019 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 2019 still in force?
- Yes — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2019 is currently in force.
- When did Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2019 take effect?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2019 was first recorded in 1947.
- How many regulations does Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2019 have?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2019 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 2019?
- The official text of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) Notification 2019 is published at sso.agc.gov.sg.