Income Tax Act |
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 10) Notification 1996 |
|
1. This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 10) Notification 1996. |
2. The interest payable by Petrochemical Corporation of Singapore (Pte) Ltd under the Agreement dated 15th December 1995 shall be exempt from withholding tax from 15th December 1995 to 30th June 2004. |
3. The commitment, agency and front-end/arrangers’ fees payable by Petrochemical Corporation of Singapore (Pte) Ltd in connection with the loan shall also be exempt from withholding tax. |
Made this 18th day of September 1996.
Permanent Secretary, Ministry of Finance, Singapore. |
[MF(R)R32.12.015 Pt. 4 Vol. 2; AG/SL/10/95(E)] |