WebBudget note: Fund incentives under Sections 13CA, 13R and 13X Enhanced but not extended. The latest budget announced several enhancements to the existing tax exemption framework for investment funds under Sections 13CA, 13R and 13X of the Singapore Income Tax Act (Cap 134) (“SITA”).The tax exemptions under Section 13R will be extended to … Web22 Apr 2024 · Section 13O funds are now required to have a minimum of S$10m under management at the point of application for the incentive, and to commit to increasing …
Tighter criteria for family offices in S
Webthe ambit of section 12(6) of the Income Tax Act (the “Act”), except such income that is derived in respect of an immovable property situated in Singapore. The approach adopted … For Section 13O cases (previously known as Section 13R) only: 1. the fund must now have a minimum fund size of S$10m at the point of application and must commit to increasing its assets under management (‘AUM’) to S$20m within 2 years. Currently, there is no minimum AUM for Section 13O cases. 2. the family … See more This update urgently alerts our clients and contacts regarding the new stricter criteria announced by the Monetary Authority of Singapore today, 11 April 2024, and which take effect in a week (i.e. 18 April 2024). In view of the very short … See more Cases where the first ‘preliminary submission’ is made from 18 April 2024, will be covered by the new criteria. Cases for which MAShas already granted the Section 13O or 13U … See more If a fund is managed by a licensed fund manager and already has or is seeking Section 13O or Section 13U approval and wishes to change to a … See more iowa state required classes
Section 13O/U fund management tax incentive criteria tightened in …
WebThe section 13D, 13O and 13U schemes provide exemption on specified income (SI) derived from designated investments (DI). In this Budget, the Government has proposed an … Web23 Mar 2024 · As of 1 January 2024, combined review is the way all applications for new Clinical Trials of Investigational Medicinal Products (CTIMPs) and combined IMP/device trials must be made. If you are a first-time user, please contact us for initial advice and support at [email protected]. Our step by step guide will help you use the new part of … Web25 Mar 2024 · Fund management awareness existed in the early nineties, but only in the way perhaps a fly has a dull perception of its own existence. The industry as we know it today really only dates back to 2002. This was when asset management was given a pivotal role in the development of Singapore’s somewhat stalling Financial Services sector, on the ... iowa state research farm