Web26 Jun 2024 · These new regulations potentially impact upon offshore entities which are managed by single family offices. This includes Singapore based family office structures which have been developed around local tax incentives such as the Enhanced-Tier Fund incentive ( ‘ ETF') of Section 13X of the Income Tax Act (Cap 134) ( ‘ITA' ). 1. WebOn 11 April 2024, the Monetary Authority of Singapore announced updated conditions for family offices that wish to apply for the Section 13O (formerly known as 13R) and …
IRAS e-Tax Guide
Web6 hours ago · Fri 14 Apr, 2024 - 5:07 PM ET. Fitch Ratings - Warsaw - 14 Apr 2024: Fitch Ratings has revised Romanian City of Bucharest's Outlook to Stable from Negative, while affirming the city's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-'. A full list of rating actions is below. The revision of the Outlook follows a ... Web13 Apr 2024 · For Section 13U cases (previously known as Section 13X) only: 1. the existing minimum fund size of S$50m at the point of application is unchanged. 2. the family office must have at least 3 IPs, with at least one IP being a non-family member. A grace period of 1 year may be given for the non-family member IP. decorative fireplace gas key
Important Changes to Singapore’s Section 13O and Section 13U …
Web21 Jul 2024 · Section 13CA, Section 13R and Section 13X fund tax incentive schemes allow for family investment vehicles (whether in or outside of Singapore) to enjoy tax exemption on qualifying income derived from prescribed investments. ... Interim Regulations for Value-Added Tax of the People’s Republic of China. List of DTAs, Limited Treaties and EOI ... WebTan Woon Hum is widely regarded as one of the rare market leaders specialising in investment funds, REITs and trusts. He heads a team of specialist lawyers in the Trust, Asset & Wealth Management practice. Investment Funds. Ranked as a Band 1 leading investment funds lawyer by Chambers Asia-Pacific since 2014, he advises on fund formation ... Web22 Apr 2024 · These exemptions also extend to funds that are managed by fund managers that are exempt from the regulations. One such exemption is given to managers of “Single Family Offices” (SFOs). ... Section 13O funds are now required to have a minimum of S$10m under management at the point of application for the incentive, and to commit to … decorative fire extinguishers