| The staging of international conferences
in Singapore complements the many international exhibitions
and trade fairs currently held here. Together, they
play the important role of enhancing Singapore as the
hub for knowledge and trade exchange for the international
business community. I have therefore decided to extend
the tax concession granted to approved exhibition organisers
to companies organising and managing international conferences
in Singapore. The approved companies will be granted
a concessionary tax rate of not less than 10 per cent
on their incremental income. This will provide further
impetus to develop Singapore into an International Exhibition
and Conference City. The extension to the tax concession
will take effect from Year of Assessment 2000 |
