Clause 10

by deleting the words “the hearing of which is to be held in Singapore may, from 1st July 2007 to 30th June 2012” in subsection (1) and substituting the words “may, from 1st July 2007 to 30th June 2017 (both dates inclusive)”;

by inserting, immediately after the words “Goods and Services Tax Act (Cap. 117A)” in subsection (2A), the words “, and such approval remains in force”;

by inserting, immediately after the words “any year of assessment” in subsection (6), the words “for a basis period that falls within the tax relief period”;

by inserting, immediately after subsection (6), the following subsection:“(6A) For the purpose of satisfying the Comptroller that its income qualifies for relief under this section, the approved law practice shall provide, not later than 5 years after the end of its tax relief period, evidence of the place of hearing or intended place of hearing (as the case may be) of the international arbitration.”;

by deleting the words “the hearing of which had been held at least once in Singapore within the period” in subsection (8)(a);

by deleting the words “expenses, losses and donations” in subsection (9) and substituting the words “expenses and losses”;

by deleting the words “and donations” in subsection (10)(a);

by deleting the words “any allowances or donations” in subsection (12) and substituting the words “any allowances”;

by deleting the words “loss, allowances or donations” in subsection (12) and substituting the words “loss or allowances”;

by deleting the definition of “legal services in connection with any qualifying international arbitration” in subsection (15) and substituting the following definition:“ “legal services in connection with any qualifying international arbitration” —

in relation to an approved law practice whose application for approval is made at any time between 1st July 2007 and 30th June 2012 (both dates inclusive), means any professional work of a legal nature provided for the purposes of an international arbitration during the eligible period by any lawyer of the law practice for its client who is a party to the arbitration the hearing of which is held in Singapore during its tax relief period or the period referred to in subsection (8)(a) (as the case may be); or

in relation to an approved law practice whose application for approval is made at any time between 1st July 2012 and 30th June 2017 (both dates inclusive), means any professional work of a legal nature provided for the purposes of an international arbitration during the eligible period by any lawyer of the law practice for its client who is a party to the arbitration the hearing of which is held or would (if there had been a hearing) have been held in Singapore.”; and

by inserting, immediately after subsection (15), the following subsection:“(16) For the purposes of the definition of “legal services in connection with any qualifying international arbitration” in subsection (15), “eligible period” means —

in relation to an approved law practice whose application for approval is made at any time between 1st July 2007 and 30th June 2012 (both dates inclusive), the period beginning on the initial date specified in sub-paragraph (i) or (ii), whichever is applicable, and ending on the terminal date specified in sub-paragraph (iii) or (iv), whichever is applicable:

where the client in question is the claimant serving the request for arbitration, the initial date is the date of issue of the request;

where the client in question is the respondent being served the request for arbitration, the initial date is the date of receipt of the request for arbitration by the client or law practice;

a terminal date which is the date on which the final award is made by the arbitral tribunal;

a terminal date which is the date on which the arbitration proceeding has otherwise finally terminated; or

in relation to an approved law practice whose application for approval is made at any time between 1st July 2012 and 30th June 2017 (both dates inclusive), the period beginning on the initial date specified in sub-paragraph (i) or (ii), whichever is applicable, and ending on the terminal date specified in sub-paragraph (iii) or (iv), whichever is applicable:

where the client in question is the claimant serving the request for arbitration, the initial date is the date of issue of the request;

where the client in question is the respondent being served the request for arbitration, the initial date is the date of receipt of the request for arbitration by the client or law practice;

a terminal date which is the date on which the final award is made by the arbitral tribunal;

a terminal date which is the date on which the arbitration proceeding has otherwise finally terminated, whether or not there was a hearing.”.