Clause 22

in subsection (1), delete paragraph (b) and substitute —“(b)every individual not resident in Singapore —

for the year of assessment 2023 or a preceding year of assessment, tax at the rate of 22% on every dollar of the chargeable income thereof; and

for the year of assessment 2024 and subsequent years of assessment, tax at the rate of 24% on every dollar of the chargeable income thereof; and”;

in subsection (4), delete “subsection (5)” and substitute “subsections (4A) and (5)”;

after subsection (4), insert —“(4A) Despite anything in this Act but subject to subsection (5), tax at the rate of 10% is to be levied and paid on the gross amount of any income derived from Singapore during the period from 1 April 2023 to 31 December 2027 (both dates inclusive) —

by an individual not resident in Singapore, from acting as an arbitrator;

by a qualifying mediator who is not resident in Singapore, for providing the services of a mediator for a mediation —

that takes place in Singapore; or

that would have taken place in Singapore but for the settlement of the dispute or withdrawal of the claim in question; or

by an individual not resident in Singapore, for providing the services of a mediator for a qualifying mediation —

that takes place in Singapore; or

that would have taken place in Singapore but for the settlement of the dispute or withdrawal of the claim in question.”;

in subsection (5), after “subsection (4)”, insert “or (4A)”;

in subsection (10), after the definition of “approved sub‑trust”, insert —“ “arbitrator” means an individual appointed for any arbitration which is governed by the Arbitration Act 2001 or the International Arbitration Act 1994, or would have been governed by either of those Acts had the place of arbitration been Singapore;”;

in subsection (10), after the definition of “qualifying company”, insert —“ “qualifying mediation” means a mediation that is administered by a body or an organisation that provides services for the conduct of mediation (called in this section a mediation service provider), and that is prescribed under section 7;“qualifying mediator” means an individual who is certified or accredited under a mediator certification or accreditation scheme prescribed under section 7;”; and

after subsection (13), insert —“(14) For the purposes of the definitions of “qualifying mediation” and “qualifying mediator” in subsection (10), the Minister may prescribe a description of mediation service providers and a description of mediator certification or accreditation schemes that are set out on a specified website of the Ministry of Law, as amended from time to time.”.