From Todayonline.com: Parliament yesterday passed a Bill to amend the Income Tax Act which includes introducing a new tax incentive for sovereign funds. The Ministry of Finance said this is to attract sovereign wealth funds to Singapore and help make the cluster of sovereign funds as a niche class.
Under the incentive, income from sovereign funds and their investment offices will enjoy tax exemption for five years from April 1 this year, said Finance Minister Tharman Shanmugaratnam..............................................Full Article: Source
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