Income Tax Act |
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 9) Notification 1996 |
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1. This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 9) Notification 1996. |
2. There shall be exempt from tax the interest payable on the US$75 million Floating Rate Notes due 2001 by Volvo Group Treasury Asia Ltd 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 29th March 1996. |
Made this 23rd day of August 1996.
Permanent Secretary, Ministry of Finance, Singapore. |
[MF(R)R32.12.016 Pt. 2 Vol. 4; AG/SL/10/95(E)] |