Tax-Deduction Scheme for Angel Investors

Tax-Deduction Scheme for Angel Investors

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This article on Tax-Deduction Scheme for Angel Investors was taken from The Straits Times as written by Francis Chan on 29 June 2010.

Read the following text on Tax-Deduction Scheme for Angel Investors:



ANGEL investments, a common and critical source of funds for local start-ups, are now tax-deductible.

Under a new initiative, individuals who make equity investments in fledgling firms can get a 50 per cent tax deduction on the amount after two years.

The Government hopes the new Angel Investors Tax Deduction Scheme, as the programme is called, will help generate $600 million worth of angel investments over the next five years.

'We hope that with the incentive, more angel investors will be encouraged to invest in innovative start-ups,' said Spring Singapore deputy chief executive Tan Kai Hoe.


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Investments Singapore