The Business Times
business-time-50
SUBSCRIBERS

MAS to simplify framework for single family office fund tax scheme

Move is ‘timely’ given evolving landscape, rising competition from Hong Kong, Dubai, observers say

Summarise
google-preferred-sourceAdd BT as a preferred source
Tan Nai Lun

Tan Nai Lun

Published Mon, Sep 29, 2025 · 05:35 PM
阅读简体中文版 (beta)
    • Chee Hong Tat, minister for national development and deputy chairman of MAS, says that while Singapore's regulatory environment is a trusted one, “we will ease the process: make it less tedious, quicker and more efficient”.
    • Chee Hong Tat, minister for national development and deputy chairman of MAS, says that while Singapore's regulatory environment is a trusted one, “we will ease the process: make it less tedious, quicker and more efficient”. PHOTO: BT FILE

    [SINGAPORE] The Monetary Authority of Singapore (MAS) is looking to simplify the framework for its single family office (SFO) fund tax scheme, to better align it with industry needs.

    The streamlining would entail reducing the documentation needed for applications, easing reporting requirements and expanding the types of investments eligible for the fund tax scheme, said Minister for National Development Chee Hong Tat, who is also deputy chairman of MAS.

    He was speaking on Monday (Sep 29) at the Global-Asia Family Office Summit organised by the Wealth Management Institute (WMI).

    Wealth managementFamily officesTax incentives

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    ​OCBC head of global consumer financial services Sunny Quek says: “All of us (financial institutions) have a wealth strategy. What’s really going to differentiate one bank from another is the execution."

    OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Hengli Petrochemical's refining complex in China's Dalian in 2018.

    Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More