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 […]
CLA Global TS participates in Singapore Institute of Directors Conference 2024 as a Gold Partner
CLA Global TS is honoured to have participated as a Gold Partner at yesterday’s Singapore Institute of Directors Conference 2024, themed ‘Directorship in Transition: Redefining Roles, Risks, and Results.’ During the panel discussion on ‘Redefining the Role of the Board Director – How to Lead Organisations to Conform, Perform, and Transform in a World of […]
CLA Global TS hosted a seminar titled “Fundamentals of Fund Economics: An Accounting and Tax Perspective”
On Wednesday, CLA Global TS hosted a seminar titled “Fundamentals of Fund Economics: An Accounting and Tax Perspective” for a close-knit group of clients and industry partners. During the event, Mr. Samuel Lim, Assurance Director, and Mr. Shaun Zheng, Director, Asset Management & Private Wealth Tax Lead, led an engaging discussion, offering invaluable insights into, […]
CLA Global TS participated in the Singapore Institute of Directors (SID) “Board and Director Fundamentals” course at Parkroyal Collection Marina Bay
On 26 September, CLA Global TS speakers, Mr. Lee Tze Shiong, Director of Assurance and Transformation & Quality, and Ms. Ju May Lim, Director of Assurance and Technical, participated in the Singapore Institute of Directors (SID) September edition of the “Board and Director Fundamentals” course at Parkroyal Collection Marina Bay. The course offers a comprehensive […]
CLA Global TS Named a Finalist For the First Time at the STEP Private Client Awards
Last week, Mr. Shaun Zheng, CLA Global TS Director of Asset Management and Private Wealth Tax Lead, attended the prestigious STEP – Advising Families Across Generations Private Client Awards ceremony at the London Hilton on Park Lane, UK. CLA Global TS is honoured to have been named a finalist for the first time in the […]
CLA Global TS participates in the Institute of Singapore Chartered Accountants (ISCA) Cares Charity Golf 2024 event as a Platinum partner
CLA Global TS is proud to have participated as a Platinum partner at the recent Institute of Singapore Chartered Accountants (ISCA) Cares Charity Golf 2024 event, where we connected with our business and industry partners on the green, supporting the accounting profession while giving back to the community. Alongside CLA Global TS Group CEO & […]
CLA Global TS Fosters Aspiring Entrepreneurs at its 7th Business Plan Challenge 2024
Nurturing local entrepreneurs by supporting aspiring students from Universities, Polytechnics and ITE Colleges in their entrepreneurship journey through mentorship and peer learning since 2018. Singapore, 2 September 2024 – In July, CLA Global TS concluded its 7th Business Plan Challenge and this year’s judges have heard inspiring ideas from six impressionable teams of students […]
CLA Global TS Hosted Seminar Titled ‘Digital Asset Valuation and Accounting’
In collaboration with the Digital Assets Association, CLA Global TS was pleased to co-organise seminar titled ‘Digital Asset Valuation and Accounting’ on 22 August 2024. After the opening addresses by Dr. Steven Hu, Executive Committee member of the Digital Assets Association, and Mr. Henry Tan, Group CEO & Chief Innovation Officer at CLA Global TS, […]