Singapore tax Archives

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|2026-05-02T11:37:02+08:00May 2nd, 2026|Accounting Bookkeeping Tax and XBRL, Running a Company|

GST Registration in Singapore: A Complete Guide for Business Owners in 2026

For many business owners in Singapore, Goods and Services Tax (GST) registration is a milestone that raises a host of questions. When is registration compulsory? Is there any benefit to registering voluntarily? What are the compliance obligations that come with being GST-registered? And with the new InvoiceNow requirements rolling out from April 2026, what should [...]

By The Raffles Corporate Services Editorial Team|2026-04-14T08:23:04+08:00April 14th, 2026|Accounting Bookkeeping Tax and XBRL|