Singapore to Ease Requirements for Family Office Tax Benefits

S’pore looking to simplify tax scheme framework for single family offices: Chee Hong Tat

MAS' review will look at cutting paperwork, easing reporting obligations and widening the scope of eligible investments. Read more at straitstimes.com.

Singapore to Ease Requirements for Family Office Tax Benefits

Singapore is seeking to make it easier for single family offices to tap a tax benefit program, amid rising competition for the global super rich.

Singapore to Ease Applications for Family Office Tax Scheme

Singapore's financial regulator will look to simplify the framework for its single family office tax scheme by easing documentation and reporting requirements. The Monetary Authority of Singapore (MAS) is seeking to simplify the framework for its family office tax scheme, according to Chee Hong Tat, Singapore’s minister for national development and MAS deputy chairman. «Some of you may remember waiting over a year for your Single Family Office t…

MAS looking to simplify requirements for single family offices to qualify for tax benefits

The Monetary Authority of Singapore (MAS) is looking to simplify the requirements for single-family offices to qualify for its tax benefit programme. Speaking at the Wealth Management Institute’s Global-Asia Family Office Summit on Sept 29, deputy chairman of MAS Chee Hong Tat said that the regulator is seeking to reduce the documents needed for application for the Single Family Office Fund tax scheme. The MAS is also looking to ease reporting r…

MAS to simplify framework for single family office fund tax scheme

Changes include less paperwork, simpler reporting requirements and making more investment types eligible, says MAS deputy chairman Chee Hong Tat