marketing01

2021-03-08
blank

Singapore is world’s freest economy

Singapore is world’s freest economy Singapore’s economy has been ranked the most free in the world this year in the Heritage Foundation’s 2021 Index of Economic Freedom, the second year in a row it topped the list. The Republic scored 89.7 points, with its overall score having increased by 0.3 points from 2020, primarily because of an improvement in points gained for government spending, the conservative Washington think-tank said on Thursday (March 4). Singapore’s score placed it far ahead of both the regional average for 40 countries in the Asia Pacific (60.2) and the world average (61.6).It was followed in […]
Do you like it?
Read more
2021-04-13
blank

Variable Capital Companies (VCC) in Singapore

Variable Capital Companies (VCC) in Singapore About Variable Capital Companies (VCC) The Variable Capital Company (VCC) is a new corporate structure for investment funds constituted under the Variable Capital Companies Act which took effect on 14 Jan 2020. The VCC will complement the existing suite of investment fund structures available in Singapore. Some key features of a VCC A VCC has a variable capital structure that provides flexibility in the issuance and redemption of its shares. It can also pay dividends out of capital, which gives fund managers flexibility to meet dividend payment obligations. A VCC can be set up as a […]
Do you like it?
Read more
2021-04-15
blank

Things to note for Singapore VCC taxation

Things to note for Singapore VCC taxation VCC, either is non-umbrella VCC or an umbrella VCC comprising two or more sub-funds, it will be recognised as a single entity for income tax purpose. However, each sub-fund of an umbrella VCC is regarded as a separate person for GST purposes. Similar to companies incorporated under Companies Act, a VCC is considered a tax resident in Singapore for the assessment year if the control and management of the VCC’s business is exercised in Singapore for that year. The tax residence of a sub-fund follows that of its umbrella VCC. This means that […]
Do you like it?
Read more
Load more