On 1 October 2024, the Monetary Authority of Singapore (“MAS”) issued a 77-page circular on tax incentives available to Singapore Funds. In this webinar, STEP (Singapore) looks to unpack the updates and discuss how it impacts current incentive holders and potential applicants by discussing these issues:
- An overview of the existing tax incentive regime for funds
- Key changes starting from 1 Jan 2025 include higher economic criteria, enhancements to the Section 13D, 13O & 13U schemes, use of Limited Partnership for Section 13O, closed end fund treatment, etc
- AUM re-defined to be value of investment
- Family-owned funds managed by Singapore fund managers will have to meet higher economic criteria and business spend requirement.
- Potential pitfalls to be aware of
- Concluding thoughts on the changes.
4.00 – 4.05pm: Opening Remarks by Chairperson
Mr Gim Leong Chew - Director, Rawlinson & Hunter Singapore
4.05 – 5.05pm: Further Changes to Section 13O & 13U – Understanding how the October 1 changes in our tax incentive schemes will
impact your current and future clients
Mr Irving Aw - Director, Osbourne Clarke, Singapore
5.05 – 5.15pm: Q&A Session