Tax for VCCs

What tax exemptions are available for VCCs?

• The VCC Act provides that the sole object of a VCC is to be one or more collective investment schemes. As VCCs are to be used as investment funds, they would only be considered for the following tax incentives:

  1. Exemption of income of venture company (section 13G of the ITA);
  2. Exemption of income of company incorporated and resident in Singapore arising from funds managed by fund manager in Singapore (section 13O of the ITA);
  3. Exemption of income arising from funds managed by fund manager in Singapore (section 13U of the ITA)

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