The MAS is also looking to ease reporting requirements, and expand the types of investments eligible for the fund tax scheme, Chee said.
The Monetary Authority of Singapore (MAS) is looking to simplify the requirements for single family offices to qualify for its tax benefit programme.
Speaking at the Wealth Management Institute’s Global-Asia Family Office Summit on Sept 29, deputy chairman of MAS Chee Hong Tat said that the regulator is seeking to reduce the documents needed for application for the Single Family Office Fund tax scheme.
