Updates on Fund Tax Incentive Schemes – Section 13U

Section 13U Scheme (Exemption of income arising from funds managed by fund manager in Singapore)   [NEW] Introduction of a “closed-ended fund” treatment as an option for non-SFO S13O, S13OA or S13U applicants Closed-ended funds are typically funds with fixed lifespans, commonly ten years, and have designated fund raising and redemption period(s) (e.g., PE and […]

Updates on Fund Tax Incentive Schemes – Section 13O and 13OA

Section 13O Scheme (Exemption of income of approved companies arising from funds managed by a fund manager in Singapore) [NEW Scheme] – Section 13OA Scheme for limited partnership (“LP”) funds With effect from 1 January 2025, the new section 13OA of the ITA will extend the S13O scheme to funds constituted as LPs registered under […]

Updates on Fund Tax Incentive Schemes – Section 13D Scheme

The asset management industry was priming for key changes to be announced when the Budget 2024 was read by then Deputy Prime Minister, Mr. Lawrence Wong. On 1 October 2024, a swathe of changes was announced, with enhancements and refinements to the existing Singapore fund tax exemption schemes (“tax incentives”) to come into effect from […]