Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 6/18/2014

Singapore - Expanded fund management tax incentives 

June 18: Singapore’s budget for 2014 included a proposal for the extension and enhancement of a tax incentive program for qualifying funds. The Monetary Authority of Singapore in late May 2014 issued guidance for implementing these expanded and enhanced incentives.

The changes to the funds tax incentive program:


  • Extend the expiration date of the tax incentive program to 31 March 2019
  • Refine and/or expand certain provisions under the tax incentive program (for example, with respect to the computation base of value of issued securities, the designated investments, and changes to the specified income list)
  • Clarify the scope of the financial sector incentive for fund managers

Read a June 2014 report [PDF 206 KB] prepared by the KPMG member firm in Singapore: Extension and Enhancements to the Fund Management Tax Incentive Schemes




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