Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 5) Notification 2004

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No. S 475

Income Tax Act

(Chapter 134)

Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 5) Notification 2004

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 on Economic and Technological Development Loans) (No. 5) Notification 2004.

Exemption

2. There shall be exempt from tax the swap payments made by Shell Tankers (Singapore) Pte Ltd to National Australia Bank Limited —

(a)	between 27th January 2004 and 14th January 2036 (both dates inclusive); and
(b)	between 11th December 2003 and 14th January 2036 (both dates inclusive),

under 2 Swap Master Agreements dated 8th December 2003 in respect of the bareboat charters of the vessels “Gemmata” and “Granatina”, respectively.

Made this 5th day of August 2004.

LIM SIONG GUAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) R32.12.06 Pt. 26 Vol. 9; AG/LEG/SL/134/2002/11 Vol. 3]