The Inland Revenue Authority of Singapore has published Advance Ruling Summary No. 17/2025 on whether a company meets the Qualifying Investor Test in the context of Singapore's Section 13O tax incentive scheme for certain funds. The test determines whether an investor's ownership stake in a fund is low enough to avoid triggering penalties and preserve the fund's tax-exempt status.
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Advance Ruling Summary No. 17/2025
1. Subject:
a. Whether an owner (i.e. Company B) meets the Qualifyi…