Income Tax Act |
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No.12) Notification 1998 |
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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 Loans) (No.12) Notification 1998. |
Exemption |
2. There shall be exempt from withholding tax the interest payable by Hung Fu Shipping (Singapore) Pte Ltd to NL Digitalis Shipping (Panama) S.A., under the Deferred Sale Agreement dated 30th June 1997, from 29th May 1998 to 29th April 2008. |
Made this 23rd day of July 1998.
Permanent Secretary, Ministry of Finance, Singapore. |
[MF(R) R32.12.06 Pt.26 Vol 4; AG/LEG/SL/134/97/3 Vol 1] |