Funds
Stricter criteria for family offices applying for tax incentives 13O and 13U
The Monetary Authority of Singapore (MAS) announced that single family offices will have to meet stricter criteria in order to qualify for the tax exemptions under sections 13O and 13U of the Income Tax Act (ITA). These new criteria will take effect for applications received from 18 April 2022 onwards.
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8 min read
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22 Apr 2022