Income Tax Act |
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 1999 |
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Citation |
1. This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 1999. |
Exemption |
2. Subject to paragraph 3, there shall be exempt from tax any payment made under a cross currency swap transaction entered into on or after 3rd March 1999 by a Singapore swap counterparty to an issuer of Singapore dollar debt securities who is neither a resident of nor a permanent establishment in Singapore. |
Terms and conditions of exemption |
3. The exemption under paragraph 2 shall apply only if the following terms and conditions are satisfied:
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Made this 28th day of April 1999.
Permanent Secretary, Ministry of Finance, Singapore. |
[MF(R) R32.12.16 Vol. 14 T 2; AG/LEG/SL/134/97/3 Vol. 1] |