Clause 35

Notwithstanding section 43, the Minister may by regulations provide that tax at the rate of 10% shall be levied and paid for each year of assessment upon such income as the Minister may specify of a qualifying securities lending or repurchase company derived by it on or after 18th February 2005 but before 1st January 2009 under a securities lending or repurchase arrangement.(2) Regulations made under subsection (1) may provide for the conditions to be satisfied by a qualifying securities lending or repurchase company and for the deduction of losses otherwise than in accordance with section 37(3).(3) In this section —“qualifying securities lending or repurchase company” means a company which has notified the Monetary Authority of Singapore for the purpose of this section;“securities lending or repurchase arrangement” has the same meaning as in section 10N.Concessionary rate of tax for income derived from organising or staging tourism event43U.—

Notwithstanding section 43, tax at the rate of 10% shall be levied and paid for each year of assessment upon such income as the Minister may specify of an approved company incorporated or registered in Singapore derived by it on or after 1st April 2005 from organising or staging an approved tourism event, subject to such conditions as the Minister or such person appointed by him may impose.(2) No approval shall be granted under this section after 31st March 2010.(3) In this section, “approved” means approved by the Minister or such person as he may appoint.”.