Exemption for interest payment under specified contract effective on date between 19 February 2020 and 31 December 2026 or varied on a date between 4 November 2022 and 31 December 2026
4.—(1)  This paragraph applies to any interest payment —
(a)made by an approved exchange, an approved clearing house, a member of an approved exchange or a member of an approved clearing house, to a person who is not resident in Singapore;
(b)that is not derived through any operation carried on by the person through the person’s permanent establishment in Singapore; and
(c)that is a margin deposit interest payment required to be made —
(i)under a specified contract that takes effect on a date that falls within the period from 19 February 2020 to 31 December 2026 (both dates inclusive);
[S 325/2024 wef 04/11/2022]
[S 325/2024 wef 01/01/2023]
(ii)under a specified contract that is extended or renewed, where —
(A)the extension or renewal takes effect on a date that falls within the period mentioned in sub‑paragraph (i); and
(B)the payment is made on or after the date on which the extension or renewal takes effect; or
[S 325/2024 wef 04/11/2022]
(iii)under a specified contract that is varied, where —
(A)the variation takes effect on a date that falls within the period from 4 November 2022 to 31 December 2026 (both dates inclusive); and
(B)the payment is made on or after the date on which the variation takes effect.
[S 325/2024 wef 04/11/2022]
(2)  A payment mentioned in sub‑paragraph (1) is exempt from tax.
[S 555/2020 wef 19/02/2020]
[S 325/2024 wef 04/11/2022]
[S 325/2024 wef 01/01/2023]