WebSpecified Income Effective from 19 February 2024, the list of specified income is enhanced to include income that fall within the ambit of section 12(6) of the Income Tax Act (the “Act”), except such income that is derived in respect of an immovable property situated in Singapore. The approach adopted here was expected (given similar Web6 Jan 2024 · Section 13X. Exemption of income arising from funds managed by fund …

4 Changes Family Offices Must Know To Qualify For Tax …

WebClause 13 amends section 14ZA (Further or double deduction for qualifying expenditure … Web02. Enhanced-Tier Fund Tax Exemption Scheme (Section 13X of the Income Tax Act) – Applies to funds with a minimum size of S$50 million that are managed or advised by a Singapore fund manager, which can be an exempted SFO or a licensed multi-family office. The family office must employ at least three investment professionals in Singapore who ... tfacts home page

The proposed family office tax exemption regime in Hong Kong: a ...

WebIncome & Deductions for Companies Applying for Tax Incentives Applying for Tax Incentives There are various types of tax incentives available for companies and these are provided in the Singapore Income Tax Act 1947 (ITA) and Economic Expansion Incentives (Relief from Income Tax) Act 1967 (EEIA). WebOn 11 th April 2024, the Monetary Authority of Singapore (MAS) announced changes to Section 13O and Section 13U — two tax incentive schemes commonly used to establish family office structures in Singapore. These changes came into effect on 18 th April 2024. WebWhile in Singapore the asset holding vehicle must be a fund in the form of a company incorporated and resident in Singapore in order to qualify for the tax incentives under Section 13O (Offshore Fund Tax Exemption), for the HK Scheme both the asset holding vehicle and the single family office can be established tfacts_tn_gov