Regulation 1
Citation and commencement
This Notification is the Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024 and is deemed to have come into operation on 19 August 2022.
/akn/sg/act/sub_leg/1947/ITA-S893-2024
Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024
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- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 1947
- Sections
- 2
Quick answer
About this subsidiary legislation
Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S893-2024 1947, currently marked in force and first recorded in 1947.
Regulation 2
Exemption
Subregulation 1
The interest of US$35,586.18 payable by Total Engine Asset Management Pte. Ltd. to TEAM United Kingdom 01 Limited during the period from 19 August 2022 to 29 March 2024 (both dates inclusive) in respect of the loan amount of US$350,000 under the loan agreement dated 29 March 2019 between Total Engine Asset Management Pte. Ltd. and TEAM United Kingdom 01 Limited for financing the purchase of 2 aircraft engines bearing the manufacturer’s serial numbers ESN 59B010 and ESN 599515, respectively, 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 October 2024 and addressed to KPMG Services Pte. Ltd.
Common questions
- What is Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024?
- Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation ITA-S893-2024 1947, currently marked in force and first recorded in 1947.
- Is Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024 still in force?
- Yes — Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024 is currently in force.
- When did Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024 take effect?
- Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024 was first recorded in 1947.
- How many regulations does Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024 have?
- Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024 contains 2 regulations.
- Where can I read the official version of Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024?
- The official text of Income Tax (Total Engine Asset Management Pte. Ltd. — Section 13(4) Exemption) Notification 2024 is published at sso.agc.gov.sg.