WebSingapore Resident Fund Scheme (Section 13R of the Income Tax Act) – This scheme exempts specified income received by an approved company in Singapore from tax, … Web2.2 In this memorandum, we would identify 2 schemes (sections 13X and 13R of the Income Tax Act (Cap. 134) of Singapore ("ITA")) that are commonly applied for by fund vehicles …
Fund incentives under Sections 13CA, 13R and 13X - BDO
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: Web(b) Tax incentives under sections 13R and 13X of the ITA will be extended to VCCs. These tax incentives will be granted at the VCC level regardless of whether it is set up as a standalone VCC (with no sub-funds), or as an umbrella VCC (with sub-funds). (c) The chargeable income of an umbrella VCC will be the total of the chargeable chartwell actions
Changes to the Section 13O and 13U Tax Incentive Schemes for …
WebThe tax exemptions under Section 13R will be extended to Singapore Variable Capital Companies (“ S-VACCs ”) and the exemptions under Section 13X will be extended to fund vehicles constituted in all forms. However, there is … Web12 Mar 2024 · The Singapore Resident Fund Scheme under section 13R of the Act (the “13R Scheme”); ... The 13R and 13X Schemes also impose minimum business spending conditions (local spending for 13X Scheme). Further, where the investment fund is set up as a company in Singapore, the 13R and 13X Schemes require the company to be a tax … Webunder the section 13O (previously known as 13R) and 13U (previously known as 13X) for funds managed by single family offices (SFOs). The updated conditions below apply to … cursed sleeping mask