On 21/05/2013,
you requested for the version in force on 21/05/2013
incorporating all amendments published on or before 21/05/2013.
The closest version currently available is that of 05/11/2003.
No. S 494
Income Tax Act
Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003
In exercise of the powers conferred by section 13(4) of the Income Tax Act, the Minister for Finance hereby makes the following Notification:
1. This Notification may be cited as the Income Tax (Exemption of Interest and Other Payments for Economic and Technological Development) Notification 2003.
2.
—(1) Subject to sub-paragraph (2), there shall be exempt from tax any payment in the nature of income referred to in section 12(6) of the Act made by Hitachi International Treasury Ltd on commercial paper notes issued under the US $800 million Commercial Paper Notes Programme during the period from 1st September 2003 to 31st August 2008 to any person who is not resident in Singapore and —
(a)
who carries on any operation in Singapore through a permanent establishment in Singapore where the funds used by that person to acquire the commercial paper notes under that programme are not obtained from that operation; or
(b)
who does not have any permanent establishment in Singapore.
(2) The exemption in paragraph (1) is subject to the terms and conditions specified in the letter of approval dated 21st August 2003 and subsequent correspondences, if any, addressed to the company.
[R32.19.2871.V1; AG/LEG/SL/134/2002/11 Vol. 1]