| Income Tax Act |
| Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification |
| N 13 |
| G.N. No. S 206/1999 |
| REVISED EDITION 2000 |
| (31st January 2000) |
| [3rd May 1999] |
| Citation |
| 1. This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification. |
| 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:
|