On 1 October 2024, the Monetary Authority of Singapore issued a circular (FDD Cir 10/2024) titled 'Tax Incentive Schemes for Funds'. The Circular provides details of the extension and revisions to the fund tax incentive schemes provided under sections 13D, 13O and 13U of the Income Tax Act 1947 (ITA) and details of the new fund tax incentive scheme for Singapore limited partnership funds under section 13OA of the ITA.
Key points of the Circular and our commentaries are summarised in the bulletin.
Join us for an engaging session as we unfold the key changes and their impact on the asset management industry.
On 1 October 2024, the Monetary Authority of Singapore issued a circular providing details of the extension and revisions to the fund tax incentive schemes and details of the new fund tax incentive scheme for Singapore limited partnership funds.
This bulletin provides updates and analyses of key Singapore and international tax developments. Get the latest tax update here.
