Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 2) Notification 2003

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Current version
as at 25 Nov 2024

No. S 263

Income Tax Act

(Chapter 134)

Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 2) Notification 2003

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 and commencement

1. This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 2) Notification 2003.

Exemption

2. There shall be exempt from tax the following payments made by Singapore Aircraft Leasing Enterprise Pte. Ltd.:

(a)	interest payable from 9th May 2002 to 9th November 2013 (both dates inclusive) to Bluebell Leasing Limited under the Finance Lease Agreement dated 6th November 2001 in respect of 2 Boeing B737-800 aircraft with Manufacturer’s Serial Numbers 28070 and 28073; and
(b)	guaranteed obligations to Crédit Agricole Indosuez S.A., Tokyo branch, under the Guarantee dated 7th November 2001 in respect of the aircraft referred to in sub-paragraph (a).

Made this 23rd day of May 2003.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R)R32.12.015 Pt 28 V05 T01; AG/LEG/SL/134/2002/11 Vol. 1]

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