Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (Amendment) Notification 2009

Status:

Published in Subsidiary Legislation Supplement
on 27 Oct 2009

No. S 516

Income Tax Act

(Chapter 134)

Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (Amendment) Notification 2009

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 2009.

Amendment of paragraph 2

2. Paragraph 2 of the Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) Notification (N 12, 1998 Ed.) is amended —

(a)

by deleting sub-paragraph (1) and substituting the following sub-paragraphs:

“(1) There shall be exempt from tax any income of a person who is neither a resident of nor a permanent establishment in Singapore, being a payment made to that person —

(a)	at any time during the period from 11th July 1997 to 10th July 2012 (both dates inclusive) for the use of or the right to use any facility or equipment in a space satellite;
(b)	for the use of or the right to use any facility or equipment in a space satellite where the liability to make that payment arises at any time during the period from 11th July 1997 to 27th February 2013 (both dates inclusive); or
(c)	for the use of or the right to use any facility or equipment in a space satellite at any time during the period from 11th July 1997 to 27th February 2013 (both dates inclusive).

(1A) There shall be exempt from tax any income of a person who is neither a resident of nor a permanent establishment in Singapore, being a payment made to that person for the use of or the right to use any facility or equipment in a space satellite where the liability to make that payment arises after 27th February 2013 —

(a)	under a contract (for such use or right to use) which takes effect at any time during the period from 11th July 1997 to 27th February 2013 (both dates inclusive); or
(b)	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 11th July 1997 to 27th February 2013 (both dates inclusive).”; and

(b)

by deleting the words “sub-paragraph (1)” in sub-paragraph (2) and substituting the words “this paragraph”.

[G.N. Nos. S 346/2002; S 370/2007]

Made this 23rd day of October 2009.

PETER ONG

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R)R 32.18.2520 Vol. 5; AG/LEG/SL/134/2005/34 Vol. 1]

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