No. S 248
Income Tax Act
(Chapter 134)
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 2) Notification 2006
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) (No. 2) Notification 2006.
Exemption
2.—(1)  There shall be exempt from tax the interest payable by Oversea-Chinese Banking Corporation Limited to OCBC Capital Corporation on the subordinated note issued by Oversea-Chinese Banking Corporation Limited on 2nd February 2005.
(2)  The exemption is subject to the conditions specified in the letter of approval dated 8th November 2004 addressed to the lawyers of Oversea-Chinese Banking Corporation Limited.

Made this 26th day of April 2006.

LIM SIONG GUAN
Permanent Secretary,
Ministry of Finance,
Singapore.
[MF(R) R32.18.0049 Vol. 3; AG/LEG/SL/134/2005/8 Vol. 1]