Source of article: The Straits Times

Writer credits: Sue-Ann Tan

Family offices seeking tax incentives in Singapore will need to fulfil tighter criteria with effect from 18 April 2022.

In response to questions from the Singapore Straits Times (that published the enclosed on-line report on 14 April 22), I opined that the updated conditions will provide the requisite clarity and certainty of the tax policies and rules applicable to family offices in Singapore. This would be cardinal to the long-term growth and sustainability of family offices as a key pillar of Singapore’s wealth management industry.

My original LinkedIn post is here.