Qualifying Debt Securities definition
Examples of Qualifying Debt Securities in a sentence
Furthermore, such Purchaser understands that the Notes are intended to be Qualifying Debt Securities (as defined in the Singapore Income Tax Act (Chapter 134)) and subject to the conditions set out in the memorandum attached as Annex B hereto and any interest income therefrom will be exempt from Singapore tax or, where applicable, subject to a concessionary tax rate as described in the memorandum attached as Annex B hereto.
The Qualifying Debt Securities Plus Scheme (“QDS Plus Scheme”) has also been introduced as an enhancement of the Qualifying Debt Securities Scheme.
In addition, such Purchaser acknowledges that the Notes are intended to be Qualifying Debt Securities (as defined in the Singapore Income Tax Act (Chapter 134)) and, subject to the conditions set out in the Memorandum attached as Annex B, any interest income therefrom is exempt from Singapore tax.