Glossary · tax
Section 13O
Also known as: Section 13O scheme, Singapore 13O, 13R (former)
- Definition
- Section 13O of the Singapore Income Tax Act grants a tax exemption on specified investment income for resident family-office structures meeting AUM, investment-professional, business-spend, and local-investment criteria. Formerly known as Section 13R.
The 13O regime requires minimum S$20M AUM, at least two investment professionals, minimum S$200,000 annual business spend in Singapore, and at least 10% of AUM or S$10M (whichever is lower) deployed into local Singapore investments. The exemption is administered by MAS (approval) and IRAS (the tax exemption itself). Renumbered from 13R in the 2019 Income Tax Act consolidation; substantive thresholds tightened materially in 2022.
Source: Income Tax Act 1947
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