Income Tax Act |
Income Tax (Exemption of Interests and Other Payments for Economic and Technological Development Loans) (No. 7) Notification 1996 |
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1. This Notification may be cited as the Income Tax (Exemption of Interests and Other Payments for Economic and Technological Development Loans) (No. 7) Notification 1996. |
2. There shall be exempt from tax the interest payable on the US$150 million 7½% Subordinated Notes due 15th March 2006 by The Siam Commercial Bank Public Company Limited to any noteholder who is —
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3. The exemption is subject to the conditions specified in the Annex to the Ministry of Finance’s letter of approval dated 20th March 1996. |
Made this 14th day of May 1996.
Permanent Secretary, Ministry of Finance, Singapore. |
[MF(R) R32.12.016 Pt. 2 Vol. 4; AG/SL/10/95(E)] |