Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2001

Status:

Published in Subsidiary Legislation Supplement
on 08 May 2001

No. S 257

Income Tax Act

(Chapter 134)

Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2001

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 and commencement

1. This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2001 and shall be deemed to have come into operation on 26th April 2001.

Exemption

2. There shall be exempt from tax any payment made under an interest rate or currency swap transaction by the Monetary Authority of Singapore to a person who is neither a resident of, nor a permanent establishment in, Singapore.

Made this 4th day of May 2001.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R)32.12.21 V.4 F.01; AG/LEG/SL/134/97/3 Vol. 2]

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