Clause 6

If a company engaged in international legal services is approved under section 19J(1) as a development and expansion company at any time between 1st April 2010 and 31st March 2015 (both dates inclusive), then —

notwithstanding section 19K(1), (2) and (3), the tax relief period of the company is a non-extendable period of 5 years commencing on its commencement day; and

notwithstanding section 19J(5), tax at the rate of 10% shall be levied and paid for each year of assessment upon the expansion income derived by the company during its tax relief period from the provision of international legal services.(2) This section does not apply to a company approved under section 13V(1) of the Income Tax Act (Cap. 134).(3) In this section —“expansion income” has the meaning given to that expression in section 19J;“international legal services” means any qualifying activity comprising legal services that qualify for zero-rating under section 21(3) of the Goods and Services Tax Act (Cap. 117A).”.