Glossary · tax
Section 13D
Also known as: Section 13D scheme
- Definition
- Section 13D of the Singapore Income Tax Act grants a tax exemption on specified investment income for non-resident (offshore) fund vehicles managed by a Singapore-based fund manager. Renewed through 31 December 2029 in the 2024 Singapore Budget.
Where 13O and 13U cover Singapore-resident family-office structures, 13D covers offshore-domiciled fund vehicles (typically Cayman, BVI, or Bermuda) that use a Singapore fund manager. The exemption requires the fund to be a non-resident person for Singapore tax purposes, to use a Singapore-based fund manager, and to meet an investor-composition rule. Self-assessed — no MAS pre-approval required.
Source: Income Tax Act 1947
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