The Inland Revenue Authority of Singapore has published an e-Tax guide on the tax framework for Variable Capital Companies. The Variable Capital Company (VCC) is a new corporate structure introduced by the VCC Act in January 2020 for investment funds across a wide range of fund strategies as an open-end or a closed-end fund ({News-2020-01-30/A/6-previous coverage}). The general tax treatment of VCCs is summarized as follows:
Income Tax Treatment
VCCs incorporated under the VCC Act are trea…