Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No. 13) Notification 1998

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No. S 446

Income Tax Act

(Chapter 134)

Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development Loans) (No.13) Notification 1998

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 Loans) (No.13) Notification 1998.

Exemption

2. There shall be exempt from tax the interest payable by Powick Marine (S) Pte Ltd to the banks set out in the Schedule —

(a)	under a Loan Agreement dated 24th January 1998, from 9th December 1997 to 9th September 2007; and
(b)	under a Loan Agreement dated 24th January 1998, from 13th February 1998 to 13th November 2007.

Made this 22nd day of August 1998.

NGIAM TONG DOW

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) R32.12.06 Pt.24 Vol 4; AG/LEG/SL/134/97/3 Vol.1]

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