Regulation 1
Citation and commencement
This Notification is the Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022 and is deemed to have come into operation on 3 December 2013.
/akn/sg/act/sub_leg/1947/ITA-S831-2022
Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S831-2022 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest and commitment fee paid by IB Offshore Pte. Limited —
(a)
to The Export‑Import Bank of China;
(b)
in respect of the loan amount of US$892,471,344 used for the purpose of financing the acquisition of the vessels specified in the Schedule;
(c)
under the loan agreement between IB Offshore Pte. Limited and The Export‑Import Bank of China dated 28 November 2013; and
(d)
that is paid during the period from 3 December 2013 to 21 October 2019 (both dates inclusive),is exempt from tax.
Subregulation 2
The exemption in sub‑paragraph (1) is subject to the conditions specified in the letter from the Ministry of Finance dated 23 August 2022 addressed to KPMG Services Pte. Ltd.
Common questions
- What is Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022?
- Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S831-2022 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022 still in force?
- Yes — Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022 is currently in force.
- When did Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022 take effect?
- Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022 was first recorded in 1947.
- How many regulations does Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022 have?
- Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022 contains 2 regulations.
- Where can I read the official version of Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022?
- The official text of Income Tax (IB Offshore Pte. Limited — Section 13(4) Exemption) Notification 2022 is published at sso.agc.gov.sg.