Economic Expansion Incentives (Relief from Income Tax) Act 1967 · 2020 Revised Edition · Part 4 · Development and Expansion Incentive
23. International legal services
Feedback & supportLast amended by an amending law of 2018. 4 amendments in all.
If a company engaged in international legal services is approved under section 21(1) as a development and expansion company for those services at any time between 1 April 2010 and 30 June 2017 (both dates inclusive), then —
company
“company” means any company incorporated or registered in accordance with the provisions of any written law relating to companies;
despite section 22(1), (2), (3), (4) and (5), the tax relief period of the company for international legal services is a non‑extendable period of 5 years commencing on its commencement day; and
despite section 21(9), tax at the rate of 10% is levied and must be paid for each year of assessment upon the expansion income derived from the provision of those services by the company during its tax relief period for those services.
This section does not apply to a company approved under section 13S(1) of the Income Tax Act 1947.
In this section —
“expansion income” has the meaning given by section 21;
“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 1993.[19KA
qualifying activity
“qualifying activity” means any of the following:(a)any engineering or technical services including laboratory, consultancy and research and development activities;(b)computer-based information and other computer related services;(c)the development or production of any industrial design; and(d)such other services or activities as may be prescribed.