News Alert on Singapore Budget 2023 and Other Recent Tax Developments
Singapore tax landscape: Key developments in Year 2022
News Alert on Singapore Budget 2022 and Other Recent Tax Developments

FAMILY OFFICES IN SINGAPORE
FAMILY OFFICES IN SINGAPORE
With the rise in wealth generation among Asian families over recent decades, Asian families are increasingly taking a more structured approach towards the consolidation, protection, and management of their family wealth. This has increased the demand for the structures for family offices, such as Single Family Offices (SFOs), Multi- Family Offices (MFOs), Managed Accounts, and Private Trusts, etc.
Singapore has distinguished itself as a prominent global financial services centre through its reputation, strategic location, stable government, robust tax and regulatory environment, and exceptionally efficient yet cost-effective legal and financial ecosystem. High Net Worth Individuals (HNIs), especially from the India and ASEAN regions, prefer Singapore as the jurisdiction for setting up their family offices for various reasons.
Dhruva Advisors Singapore assists Family Offices in achieving the commercial objectives in tax in an efficient as well as a compliant manner. The ‘Family Offices in Singapore’ document provides a concise synopsis on the various factors that play an important part in identifying a suitable structure for family offices.
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SINGAPORE TRANSFER PRICING REGULATIONS
SINGAPORE TRANSFER PRICING REGULATIONS
The Singapore Transfer Pricing (TP) system has its roots in the year 2006, with the introduction of the first set of TP guidelines. An evolutionary process has followed since then, and one could say that the system has come a long way in aligning itself with the Organization of Economic Co-operation and Development’s (OECD) Base Erosion and Profit-Shifting (BEPS) recommendations, especially in relation to the application of the arm’s length principle (as covered in Actions 8-10) and the maintenance of TP Documentation (as covered in Action 13).
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