7 November 2013
The Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) (Amendment) Notification 2013, first published in the Government Gazette, Electronic Edition, on 4 November 2013 shall be deemed to have come into operation on 28 February 2013.
The Notification amends paragraph 3 of the Income Tax (Exemption of Royalties and Other Payments for Economic and Technological Development) Notification 2003 [S 529/2003] by inserting sub-paragraph (1A) to extend the period of tax exemption of payments made to non-resident persons for an Indefeasible Right to Use (IRU) or under an IRU agreement, and accruing in or derived from Singapore, by another five years, from 28 February 2013 to 27 February 2018 (both dates inclusive).
Source: Government Gazette