Expand eligible investments as part of SFO tax framework tweak, industry observers say
Market players say that it is timely to include digital assets, precious minerals, insurance and family businesses
Add BT as a preferred source
[SINGAPORE] Expanding the types of investments eligible for tax incentives is a key change that industry observers want to see as part of Singapore’s tweaks to its single family office (SFO) framework.
In September, the Monetary Authority of Singapore (MAS) announced plans to simplify its SFO tax incentive framework, to better suit industry needs.
This includes reducing the documentation needed for applications, easing reporting requirements and expanding the types of investments eligible for the fund tax scheme.
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