| Income Tax Act |
| Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2005 |
|
| Citation |
| 1. This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 2) Notification 2005. |
| Exemption |
| 2. There shall be exempt from tax the interest payable by Ocean Chain Pte. Ltd. from 30th July 2004 to 30th July 2009 (both dates inclusive) to the Bank of Tokyo-Mitsubishi and Maple Maritime S.A., under the Loan Agreement dated 30th June 2004 in respect of the vessel “Global Challenger”. |
Made this 18th day of January 2005.
Permanent Secretary, Ministry of Finance, Singapore. |
| [MF R32.12.01 Pt. 1 Vol. 12; AG/LEG/SL/134/2002/11 Vol. 3] |