No. S 109
Income Tax Act
(Chapter 134)
Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (Amendment) Notification 2008
In exercise of the powers conferred by section 13(4) of the Income Tax Act, the Minister for Finance hereby makes the following Notification:
Citation
1.  This Notification may be cited as the Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (Amendment) Notification 2008.
Deletion and substitution of paragraph 3
2.  Paragraph 3 of the Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) Notification 2003 (G.N. No. S 529/2003) is deleted and the following paragraph substituted therefor:
Exemption
3.—(1)  Subject to sub-paragraph (2), there shall be exempt from tax any income of a person not resident in Singapore (referred to in this paragraph as a non-resident person), being a payment made to the non-resident person for the use of or right to use any international telecommunication submarine cable capacity (including any payment for an IRU), and accruing in or derived from Singapore —
(a)during the period from 28th February 2003 to 27th February 2013 (both dates inclusive); or
(b)after 27th February 2013 —
(i)under a contract for such use or right to use which takes effect at any time during the period from 28th February 2003 to 27th February 2013 (both dates inclusive); or
(ii)under a contract for such use or right to use which is extended or renewed, where the extension or renewal takes effect at any time during the period from 28th February 2003 to 27th February 2013 (both dates inclusive).
(2)  The exemption under sub-paragraph (1) shall not apply to any income of the non-resident person which is —
(a)derived from any trade or business carried on in Singapore by the non-resident person; or
(b)effectively connected with any permanent establishment in Singapore of the non-resident person.”.

Made this 28th day of February 2008.

TEO MING KIAN
Permanent Secretary,
Ministry of Finance,
Singapore.
[MF(R)R.32.18.2520 Vol. 4; AG/LEG/SL/134/2005/34 Vol. 1]