Three tax incentive schemes offered by Singapore for offshore, resident and enhanced-tier investment funds, scheduled to sunset at the end of 2024, are being extended by five years until 31 December 2029. Qualifying funds will continue to receive the withholding tax exemption on interest and other payments made to non-resident persons, excluding permanent establishments in Singapore. The Resident Fund Tax Incentive Scheme is also being extended to tax-transparent limited partnerships registered in Singapore with effect from 1 January 2025, potentially including feeder and parallel funds constituted as Singapore limited partnerships.
News Source：【withersworldwide 2024/02/19】