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24 Jul 2023

2023's changes to eligibility requirements for key tax incentives utilised by Singapore family offices: A practical guide

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On 5 July 2023, the Monetary Authority of Singapore (the "MAS") announced new updates to the conditions required for fund vehicles managed or advised directly by family offices to qualify for the Section 13O and 13U tax incentive schemes (the "Updated Conditions"). In this briefing note, we answer your key questions and discuss the practical impact of the Updated Conditions.

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