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Friday, 21 August 2026

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Singapore and Hong Kong Ignite Tax Incentive Rivalry to Attract Star Hedge Fund Managers and Mobile Capital

By Bernard Lee3 min read

Singapore, 21 August 2026 – Asia’s premier financial hubs have entered an aggressive tax-cutting competition for global hedge fund talent and private capital, with Singapore unveiling sweeping tax exemptions on performance-linked earnings to counter recent fiscal concessions introduced by Hong Kong.

The Monetary Authority of Singapore (MAS) announced a comprehensive three-pillar incentive package aimed at anchoring top-tier fund managers, trading desks, and asset management mandates. The centerpiece of the initiative is a full tax exemption on profit-related returns, commonly structured as carried interest or performance fees, earned from managing qualifying funds. Taking effect from the Year of Assessment 2027, the tax relief will apply retroactively to eligible earnings generated throughout the 2026 calendar year.

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Author

  • Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.