Clause 5

in subsection (1), after paragraph (zp), insert —“(zpa)any payment known as the Workfare Training Support Training Allowance received under the public scheme known as the Workfare Training Support scheme (or any name that replaces that name), or any payment received under any public scheme that succeeds or replaces that scheme, for attending a course that is specified on, or specified on an Internet website that is accessible from, a prescribed Internet website on the date of commencement of the course, as a course that is eligible for the payment;”;

in subsection (1)(zt)(iv), delete “and” at the end;

in subsection (1)(zu), replace the full‑stop at the end with a semi‑colon;

in subsection (1), after paragraph (zu), insert —“(zv)any payment known as the SkillsFuture Mid‑Career Training Allowance received under the public scheme known as the SkillsFuture Level‑Up Programme, for attending a course that is specified on, or specified on an Internet website that is accessible from, a prescribed Internet website on the date of commencement of the course or 10 March 2025 (whichever is the later), as a course that is eligible for the payment;

after subsection (2J), insert —“(2K) Rules made under section 7(1) to prescribe the Internet website mentioned in subsection (1)(zpa) may be made to take effect from (and including) 1 January 2013.(2L) Rules made under section 7(1) to prescribe the Internet website mentioned in subsection (1)(zv) may be made to take effect from (and including) 10 March 2025.”;

after subsection (4), insert —“(5) A notification made under subsection (4) may exempt from tax any payment in the nature of any income referred to in section 12(6) or (7) that is made —

by a shipping financing arrangement enterprise that is approved by the Minister or an authorised body for the purposes of this subsection; and

to a person that is not resident in Singapore and either —

does not (alone or in association with others) carry on a business in Singapore and does not have a permanent establishment in Singapore; or (ii)carries on a business in Singapore (alone or in association with others) or has a permanent establishment in Singapore, but —

the arrangement, management or service relating to the loan or indebtedness concerned as described in section 12(6)(a); or

the act for which the royalty or other payment as described in section 12(7) is made,is not performed through that business or permanent establishment, or the giving of the guarantee relating to the loan or indebtedness concerned as described in section 12(6)(a) is not effectively connected with that business or permanent establishment.(5A) An approval of a shipping financing arrangement enterprise for the purposes of subsection (5) may be granted between 1 January 2025 and 31 December 2031 (both dates inclusive), and is —

subject to any condition specified by the Minister or authorised body; and

for a period not exceeding 5 years specified by the Minister or authorised body, except that the Minister or authorised body may extend the period for any further periods that the Minister or authorised body thinks fit.(5B) A notification made under subsection (4) for the purposes of subsection (5) may be made to take effect from (and including) 1 January 2025.(5C) For the purposes of subsections (5), (5A) and this subsection —

in subsections (12A), (12B)(a) and (12C), replace “2026” with “2031”;

in subsection (12A)(c), delete “incorporated in Singapore”; and

after subsection (13A), insert —“(14) Any order made under subsection (12) in relation to the following income may be made to take effect on 19 February 2025:

any income received in Singapore by a company resident in Singapore, the share capital of which is 100% owned (whether directly or indirectly) by the trustee of a real estate investment trust;

any rental income or property‑related income (within the meaning of that order) or income ancillary to any such income, received in Singapore by —

the trustee of a real estate investment trust who is resident in Singapore; or (ii)the trustee of a sub‑trust of a real estate investment trust who is resident in Singapore, where all rights or interests in the property of the sub‑trust are held for the benefit of the beneficiaries of the real estate investment trust,where the income is derived from the direct holding of immovable property situated outside Singapore by the trustee in sub‑paragraph (i) or (ii), as the case may be.(14A) Any order made under subsection (12) in relation to income received by a person resident in Singapore, connected with any loan taken or debt securities issued for the purpose of acquiring, developing, investing in, owning or operating an offshore infrastructure asset or project, may be made to take effect from (and including) 1 January 2026.”.

a company resident in Singapore that owns or operates a ship, or intends to own or operate a ship, either directly or using an approved special purpose vehicle; or

a company incorporated and resident in Singapore, a partnership registered under any written law in Singapore or a registered business trust that undertakes or intends to undertake, either directly or using an approved special purpose vehicle, the chartering or leasing (including by finance leasing) of a ship, or a container as defined under section 43P(7).”;