The Maritime and Port Authority of Singapore (MPA) on Friday (18 February) issued Shipping Circular No. 2 of 2022 regarding the extension of withholding tax exemptions by five years.
EXTENSION OF WITHHOLDING TAX EXEMPTIONS FOR MARITIME SECTOR INCENTIVE – SHIPPING ENTERPRISE (SINGAPORE REGISTRY OF SHIPS) (MSI-SRS)
Type of payment | Type of arrangement/agreement | Beneficiary | Extended till |
Charter payments for ships | Finance lease | MSI companies | 31 Dec 2028 |
Container lease | Finance lease | MSI companies | 31 Dec 2028 |
Operating lease | All taxpayers | 31 Dec 2027 |
Note: A link to the complete document including ANNEX can be found here.
Photo credit: Maritime and Port Authority of Singapore
Published: 22 February, 2022
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.