On 31 July 2026, the Monetary Authority of Singapore issued FDD Circular 05/2026 on Tax Incentive Schemes for Funds (Circular), addressed to all fund managers, trust companies and banks in Singapore. The Circular revises various conditions of the tax incentive schemes for funds under sections 13D, 13O, 130A and 13U of the Income Tax Act 1947.
In this update, Head of Private Wealth Sim Bock Eng and Partners Aw Wen Ni, David Chee, Evan Ong and Poon Chun Wai highlight the key revisions affecting single family office funds.
To view our update, please click here.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
SIM Bock Eng
Head – Private Wealth
Partner – Specialist & Private Client Disputes
d +65 6416 8108
e bockeng.sim@wongpartnership.com
Click here to view Bock Eng’s CV.
AW Wen Ni
Partner – Private Wealth and Specialist & Private Client Disputes
d +65 6416 6870
e wenni.aw@wongpartnership.com
Click here to view Wen Ni’s CV.
David CHEE
Partner – Private Wealth
d +65 6416 8202
e david.chee@wongpartnership.com
Click here to view David’s CV.
Evan ONG
Partner – Private Wealth
d +65 6416 2792
e evan.ong@wongpartnership.com
Click here to view Evan’s CV.
POON Chun Wai
Partner – Private Wealth and Specialist & Private Client Disputes
d +65 6517 3752
e chunwai.poon@wongpartnership.com
Click here to view Chun Wai’s CV.