4.—(1) Subject to paragraphs (2) and (3), tax is payable at the rate of 10% on any income derived on or after 21 February 2017 by an approved global trading company from —
(a)
profits from any physical trading carried out by the company in the commodities specified for the company;
(b)
profits from any trading in derivative instruments carried out by the company; and
(c)
commission and fees from acting as a broker in any physical trading in the commodities specified for the company.
(2) Subject to paragraph (3), tax is payable at the rate of 5% on any income mentioned in paragraph (1) derived on or after 21 February 2017 by an approved global trading company if the company satisfies the conditions imposed by the Minister or the appointed person for the purposes of this paragraph.
(3) Where liquefied natural gas is a commodity specified for an approved global trading company, then, tax is payable at the rate of 5% on any income of the company derived on or after 21 February 2017 from profits from any —
(a)
physical trading in liquefied natural gas carried out by the company; or
(b)
trading in derivative instruments in relation to liquefied natural gas carried out by the company.