MAS tax incentive Archives

Section 13O vs 13U: Comparing Singapore Family Office Tax Incentives (2026)

Singapore has established itself as Asia's leading family office hub, with more than 2,000 single family offices operating under the Monetary Authority of Singapore's (MAS) tax incentive framework by 2026. At the heart of this framework are two fund tax exemption schemes: Section 13O and Section 13U of the Income Tax Act 1947. Both can [...]

By The Raffles Corporate Services Editorial Team|2026-06-19T00:21:52+08:00June 19th, 2026|Running a Company|

Section 13O vs 13U: Comparing Singapore Family Office Tax Incentives

Singapore offers two parallel tax-exemption schemes for fund vehicles managed by family offices: Section 13O and Section 13U of the Income Tax Act 1947. Both schemes shelter "specified income" derived from "designated investments" from Singapore tax — but they target different sizes of family wealth and impose meaningfully different conditions on assets, hiring, spending, and [...]

By The Raffles Corporate Services Editorial Team|2026-09-07T16:03:29+08:00May 2nd, 2026|Accounting Bookkeeping Tax and XBRL, Running a Company|