Temaseek.com is currently seeking eligible Angel Investors with the Angel Investors Tax Deduction Scheme (AITD) from SPRING Singapore. Previously known as the Tax Incentive for Angel Investors scheme, the Angel Investors Tax Deduction scheme will be effective for qualifying investments made from 1 March 2010 to 31 March 2015, both dates inclusive. The Angel Investors Tax Deduction Scheme is a tax incentive which aims to stimulate business angel investments into Singapore-based start-ups and encourage more angel investors to add value to these start-ups. Under the scheme, an approved angel investor who commits a minimum of $100,000 of qualifying investment in a qualifying start-up within a given year shall enjoy a tax deduction at the end of a two-year holding period based on 50% of his investment costs, subject to a cap of $500,000 of investments in each Year of Assessment (YA). The tax deduction will be offset against total taxable income. Please email us for a confidential discussion. |