Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) (No. 4) Notification 2009

No. S 526

Income Tax Act

(Chapter 134)

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 for Economic and Technological Development) (No. 4) Notification 2009 and shall be deemed to have come into operation on 20th April 2009.

Exemption

2.—(1) There shall be exempt from tax the interest payable by BOC Aviation Pte. Ltd. between 20th April 2009 and 19th April 2011 (both dates inclusive) to Bank of China Limited under the Loan Agreement dated 3rd April 2009.

(2) The exemption is subject to the conditions specified in the letter of approval dated 26th June 2009 addressed to BOC Aviation Pte. Ltd.

Made this 28th day of October 2009.

PETER ONG

Permanent Secretary,
Ministry of Finance,
Singapore.

[MF(R) 32.12.2327 V8; AG/LEG/SL/134/2005/8 Vol. 2]