Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 8) Notification 1998

Status:

Published in Subsidiary Legislation Supplement
on 24 Apr 1998

No. S 259

Income Tax Act

(Chapter 134)

Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No.8) Notification 1998

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 Interest and Other Payments for Economic and Technological Development Loans) (No.8) Notification 1998.

Exemption

2. There shall be exempt from withholding tax the interest payable by —

(a)	Navigation Kudos Pte Ltd to National Bank of Greece S.A. under the Loan Agreement dated 29th October 1997, from 30th April 1998 to 31st October 2000; and
(b)	Clarity Pte Ltd to National Bank of Greece S.A. under the Loan Agreement dated 29th October 1997, from 30th April 1998 to 31st October 2003.

Made this 21st day of April 1998.

NGIAM TONG DOW

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) R32.12.06 Pt.26 Vol3; AG/LEG/SL/134/97/3 Vol.1]

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