Web6 Jan 2024 · Section 13X. Exemption of income arising from funds managed by fund manager in Singapore. Subject to such conditions as … WebUnder the GST remission, section 13H funds that meet the qualifying conditions will be able to claim the GST incurred on their expenses at a fixed recovery rate to be determined for …
Updates on Singapore Fund Tax Incentives for funds …
Web20 Apr 2024 · In a bid to enhance the attractiveness of Singapore as a jurisdiction for high-net-worth families to set up their family offices, the government of Singapore had made available two tax incentive schemes (the Section 13R and 13X schemes) under the Income Tax Act where exemption of income would apply to the following: WebCriteria Section 13O (formerly known as 13R) Section 13U (formerly known as 13X) Minimum Assets under Management (AUM)1 – The fund has a minimum fund size of S$10 million at the point of application – The fund commits to increasing its AUM to S$20 million within a two-year grace period – The fund has a minimum fund size of getting your cat spayed
Section 13R and Section 13X of Income Tax Act - Bestar Corporation
Web15 Sep 2024 · single Section 13X/13R exemption will be given to a VCC and will cover all sub-funds of the VCC. However, assets and liabilities of each sub-fund will be legally separate from those of other sub-funds. See later for further details. Offshore Fund Tax … Web14 Apr 2024 · Section 13R and Section 13X schemes have been replaced with Section 13O and 13U schemes. Family offices are facing waits of at least eight months due to recent developments. Demand is soaring high especially amongst Chinese entrepreneurs and their heirs. In April 2024, one week grace period was offered before changing its rules … Web19 Apr 2024 · Summary of Updated Conditions for the Section 13O & 13U Schemes Comparison of Updated Conditions to Previous Conditions Under S13R & S13X Schemes … getting your car stolen