Tax
Insight and innovation to guide you through today’s evolving global tax landscape
To qualify for the tax incentive schemes, the fund manager must be registered with the Monetary Authority of Singapore (MAS) or hold a Capital Markets Services (CMS) licence unless it is specifically exempted.
There are currently 3 tax incentive schemes [2] which apply to different funds (and their respective high level conditions):
Investors of funds that qualify for Section 13CA and 13R exemptions are subject to certain restrictions - non-qualifying investors (i.e. Singapore non-individuals investing above a certain percentage in the fund) need to pay a financial penalty. However, no such restriction applies to funds that qualify for exemption under Section 13X:
Mazars is an integrated partnership which has expertise in structuring new Singapore investments, advise on tax efficient holding company locations and group structures, funding mechanisms and fund structures, etc. We can also assist in obtaining the tax exemption in Singapore for the funds international clients would like to set up.
Do you have any questions for us?
[1] The list is widely defined but key exclusions include Singapore real properties and unlisted company shares which trade/hold such real properties other than for property development purposes.
[2] Currently available till 31 Dec 2024.
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