Concessionary rate of tax
4.—(1)  Tax shall be payable at the rate of 10% on the income of an approved headquarters company —
(a)in respect of the provision of qualifying services which have been approved under section 43E (2) (a) of the Act; and
(b)in respect of qualifying treasury, investment or financial activities which have been approved under section 43E (2) (b) of the Act.
(2)  Paragraph (1) shall apply in relation to an approved headquarters company from such date as the Minister or such person as he may appoint may specify.