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Expand eligible investments as part of SFO tax framework tweak, industry observers say

Expand eligible investments as part of SFO tax framework tweak, industry observers say

By Kim Browne

Culture

Market players say that it is timely to include digital assets, precious minerals, insurance and family businesses

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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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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