Regulation 1
Citation
This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 10) Notification 2014.
/akn/sg/act/sub_leg/1947/ITA-S830-2014
Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 10) Notification 2014
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 on Economic and Technological Development Loans) (No. 10) Notification 2014 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S830-2014 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
There shall be exempt from tax —
(a)
interest payable during the period in sub‑paragraph (2) by Thoresen Shipping Singapore Pte. Ltd. to Thor Integrity Shipping Co Ltd under the promissory note issued on 16 November 2011;
(b)
interest payable during the period in sub‑paragraph (2) by Thoresen Shipping Singapore Pte. Ltd. to Thor Harmony Shipping Co Ltd under the promissory note issued on 16 November 2011;
(c)
interest payable during the period in sub‑paragraph (2) by Thoresen Shipping Singapore Pte. Ltd. to Thor Dynamic Shipping Co Ltd under the promissory note issued on 28 November 2011;
(d)
interest payable during the period in sub‑paragraph (2) by Thoresen Shipping Singapore Pte. Ltd. to Thor Wave Shipping Co Ltd under the promissory note issued on 23 December 2011;
(e)
interest payable during the period in sub‑paragraph (2) by Thoresen Shipping Singapore Pte. Ltd. to Thor Enterprise Shipping Co Ltd under the promissory note issued on 27 January 2012;
(f)
interest payable during the period in sub‑paragraph (2) by Thoresen Shipping Singapore Pte. Ltd. to Thor Energy Shipping Co Ltd under the promissory note issued on 24 April 2012; and
(g)
interest payable during the period in sub‑paragraph (2) by Thoresen Shipping Singapore Pte. Ltd. to Thor Endeavour Shipping Co Ltd under the promissory note issued on 15 May 2012.
Subregulation 2
The period referred to in sub‑paragraph (1) is between 16 February 2012 and 25 September 2012 (both dates inclusive).
Subregulation 3
The exemption in sub‑paragraph (1) is subject to the following conditions:
(a)
that the representations made by Thoresen Shipping Singapore Pte. Ltd. to the Ministry of Finance on or before 9 May 2014 which are summarised in paragraph 2(i) to (vi) of the Ministry of Finance’s letter of approval dated 9 May 2014 addressed to Thoresen Shipping Singapore Pte. Ltd., are accurate;
(b)
that Thoresen Shipping Singapore Pte. Ltd. has not withheld from the Minister for Finance any information which it knows or ought reasonably to know would affect the decision of the Minister to grant the exemption in sub‑paragraph (1).
Common questions
- What is Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 10) Notification 2014?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 10) Notification 2014 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S830-2014 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. 10) Notification 2014 still in force?
- Yes — Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 10) Notification 2014 is currently in force.
- When did Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 10) Notification 2014 take effect?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 10) Notification 2014 was first recorded in 1947.
- How many regulations does Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 10) Notification 2014 have?
- Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 10) Notification 2014 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. 10) Notification 2014?
- The official text of Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 10) Notification 2014 is published at sso.agc.gov.sg.