The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide, Tax Framework for Variable Capital Companies (Fourth Edition). A Variable Capital Company (VCC) is a corporate structure for investment funds that can be used across a wide range of fund strategies, and as an open-end or a closed-end fund. Besides the incorporation of new funds, the VCC framework also allows fund managers to redomicile existing overseas investment funds with structures comparable to that o…