Singapore’s 2014 budget proposed for the extension and enhancement of a tax incentive program for qualifying funds.
Following changes are occurred on tax incentive program:
-Lengthen the expiration date of the tax incentive program to 31 March 2019
-Refine 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.
