CLA Global TS

CLA Global TS was pleased to be among the 50 participating firms at 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 @ 𝗜𝗣 𝗚𝗿𝗼𝘄 𝗱𝘂𝗿𝗶𝗻𝗴 𝗜𝗣 𝗪𝗲𝗲𝗸 𝟮𝟬𝟮𝟲, held on 𝟮𝟳 𝗮𝗻𝗱 𝟮𝟴 𝗔𝘂𝗴𝘂𝘀𝘁 𝟮𝟬𝟮𝟲 𝗮𝘁 𝗠𝗮𝗿𝗶𝗻𝗮 𝗕𝗮𝘆 𝗦𝗮𝗻𝗱𝘀.

Our 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿, 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 & 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀, 𝗞𝗮𝗿𝗲𝗻 𝗟𝗮𝘂, participated in the one-to-one consultation sessions, engaging with business owners seeking guidance on 𝗜𝗻𝘁𝗲𝗹𝗹𝗲𝗰𝘁𝘂𝗮𝗹 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 (𝗜𝗣) valuation and business valuation as they explored opportunities to grow and scale their businesses.

Whether you are launching a new venture, expanding into overseas markets, raising capital, or exploring strategic partnerships, making informed decisions is critical to sustainable growth. At 𝗖𝗟𝗔 𝗚𝗹𝗼𝗯𝗮𝗹 𝗧𝗦, our Business Advisors provide evidence-based insights and practical guidance to help businesses evaluate options, unlock value, and navigate their growth journey with confidence.

We thank the organisers for creating a valuable platform that connects businesses with experts and supports innovation, growth, and enterprise development.

𝗖𝗟𝗔 𝗚𝗹𝗼𝗯𝗮𝗹 𝗧𝗦 is proud to have participated in last Friday's 𝗦𝗜𝗗 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝟮𝟬𝟮𝟲 as a Gold Partner.

Bringing together close to 1,000 directors, business leaders and governance practitioners, the conference provided a valuable platform for insightful discussions under the theme, "𝗡𝗲𝘄 𝗚𝗮𝗺𝗲, 𝗡𝗲𝘄 𝗥𝘂𝗹𝗲𝘀: 𝗗𝗼 𝗕𝗼𝗮𝗿𝗱𝘀 𝗡𝗲𝗲𝗱 𝗮 𝗥𝗲𝘀𝗲𝘁?"

As one of the key annual events we look forward to, the conference offered an excellent opportunity to connect with business leaders, clients and fellow governance professionals while exchanging perspectives on 𝗴𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲, 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗮𝗻𝗱 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝘃𝗮𝗹𝘂𝗲 𝗰𝗿𝗲𝗮𝘁𝗶𝗼𝗻.

We were also delighted to see 𝗛𝗲𝗻𝗿𝘆 𝗧𝗮𝗻, 𝗚𝗿𝗼𝘂𝗽 𝗖𝗘𝗢 & 𝗖𝗵𝗶𝗲𝗳 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗢𝗳𝗳𝗶𝗰𝗲𝗿 𝗼𝗳 𝗖𝗟𝗔 𝗚𝗹𝗼𝗯𝗮𝗹 𝗧𝗦, moderate the panel discussion, "𝗛𝗼𝘄 𝗗𝗼 𝗕𝗼𝗮𝗿𝗱𝘀 𝗦𝘁𝗲𝘄𝗮𝗿𝗱 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝘁𝗼 𝗢𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝗖𝗿𝗶𝘀𝗶𝘀?" Together with the panellists, he explored how crises are no longer exceptional events but have become part of today's operating environment. From geopolitical tensions and AI disruption to cybersecurity threats, regulatory change, sustainability pressures and evolving stakeholder expectations, the discussion highlighted diverse perspectives on how boards can navigate uncertainty while driving long-term performance.

A special thank you to the 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗲 𝗼𝗳 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀 (𝗦𝗜𝗗) for bringing together a strong line-up of speakers and thought-provoking discussions that kept today's most pressing boardroom issues firmly in focus.

At CLA Global TS, we believe in creating opportunities that empower and inspire the next generation of talent.

Earlier this month, our 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫, 𝐑𝐢𝐬𝐤 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲, 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 & 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐂𝐡𝐚𝐧𝐠𝐞, Maria Teo, had the privilege of serving as a Guest Assessor for the final presentations of Nanyang Polytechnic 𝐒𝐜𝐡𝐨𝐨𝐥 𝐨𝐟 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐦𝐨𝐝𝐮𝐥𝐞, Sustainability in Business Project.

It was an insightful and rewarding experience to witness students present innovative and practical solutions to sustainability-focused challenges based on problem statements introduced during a guest lecture conducted by CLA Global TS'𝐬 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 & 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐂𝐡𝐚𝐧𝐠𝐞 𝐭𝐞𝐚𝐦 in May.

We are grateful to Nanyang Polytechnic for the opportunity to contribute to the students' learning journey. Their creativity, resilience, critical thinking, and attention to detail were truly inspiring. Initiatives like these reinforce our commitment to supporting talent development and creating meaningful learning opportunities for youth within our communities.

In Part 1 of this series, we highlighted the cross-scheme changes introduced by Monetary Authority of Singapore (MAS) as well as the key updates relating to the S13O/S13OA schemes. In this article, we focus on the changes affecting the S13U scheme, including updates applicable to both non-SingleFamily Office (“non-SFO”) funds and Single-Family Office ("SFO") funds.

This is the second and final installment of the two-part "MAS Refreshes Singapore Fund Tax Incentive Schemes" series, delving into the changes and finesse the Monetary Authority of Singapore has implemented to the fund tax incentive schemes under Income Tax Act 1947, specifically highlighting the changes for the S13U scheme.

Read more to understand the changes in requirements for Section S13U to be applicable for non-Single Family Office funds, the changes regarding Section S13U for new awards for Single-Family Office funds approved on or after 1 August 2026 and the revisions to the approval process for Existing Single-Family Office Awards the Section.

Contact CLA Global TS team of Private Wealth specialists for a consultation to reduce compliance burdens and prepare your organisation for the refined fund tax incentive schemes of the Income Tax Act 1947.

Read more:

Key S13U Updates This guide outlines important merger and acquisition considerations, helping business owners make informed decisions and prepare for a smooth M&A process

As Singapore continues to strengthen its position as a leading international fund management centre, the Monetary Authority of Singapore (MAS) has on, 31 July 2026, introduced a number of refinements to the fund tax incentive schemes under Sections 13D, 13O, 13OA and 13U of the Income Tax Act 1947. The changes seek to continue enhancing Singapore's competitiveness as a fund management and wealth management hub whilst attempting to reduce compliance burdens.

In this article, we will be focusing on the changes applicable across multiple schemes (S13D, S13O, S13OA and S13U), starting with the specific updates to the S13O/S13OA scheme.

This is the first installment of the two-part "MAS Refreshes Singapore Fund Tax Incentive Schemes" series, delving into the changes and finesse the Monetary Authority of Singapore has implemented to the fund tax incentive schemes under Income Tax Act 1947.

Read more to understand the applicable multi-scheme changes between Sections S13D, S13O, S13OA and S13U, the changes in requirements to be applicable for non-Single Family Office funds, the changes for new awards for Single-Family Office funds approved on or after 1 August 2026 and the revisions to the approval process for Existing Single-Family Office Awards.

Contact CLA Global TS team of Private Wealth specialists for a consultation to reduce compliance burdens and prepare your organisation for the refined fund tax incentive schemes of the Income Tax Act 1947.

Read more:

Cross-Scheme Changes and Key S13O/S13OA Updates This guide outlines important merger and acquisition considerations, helping business owners make informed decisions and prepare for a smooth M&A process

Last Thursday, CLA Global TS had the pleasure of hosting our clients and industry partners for an evening of connection and culture over Moonlit City Musical by Toy Factory Productions Ltd.

As a firm proudly founded in Singapore, we were honoured to share this captivating production, which offers a rare glimpse into the enduring partnership between Lee Kuan Yew and Kwa Geok Choo. Beyond the nation's history, the story reflects values of vision, trust and resilience that continue to inspire businesses and communities today.

The evening was a meaningful opportunity to strengthen relationships with our clients, partners and friends while celebrating Singapore's birthday month and the Singapore story that continues to shape our journey. We are inspired by the values that have shaped our nation's success and remain committed to growing together with our people, our clients and our communities.

𝗙𝗼𝗿 𝗳𝘂𝗻𝗱 𝗺𝗮𝗻𝗮𝗴𝗲𝗿𝘀, 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗶𝘀 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝗮 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗲𝘅𝗲𝗿𝗰𝗶𝘀𝗲. Where funds hold unquoted or illiquid investments, robust valuation processes are essential to support investor confidence, regulatory compliance, and effective governance.

𝗧𝗵𝗲 𝗠𝗼𝗻𝗲𝘁𝗮𝗿𝘆 𝗔𝘂𝘁𝗵𝗼𝗿𝗶𝘁𝘆 𝗼𝗳 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲'𝘀 (𝗠𝗔𝗦) 𝗿𝗲𝗰𝗲𝗻𝘁 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗣𝗮𝗽𝗲𝗿 𝗼𝗻 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀 𝗰𝗼𝗺𝗺𝗼𝗻 𝗴𝗮𝗽𝘀 in governance, valuation policies, price validation, and oversight of third-party service providers, many of which mirror challenges encountered during audits and valuations.

𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲 𝘁𝗼 𝗴𝗮𝗶𝗻 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗶𝗻𝘃𝗼𝗹𝘃𝗲𝗱 𝗶𝗻 𝗮𝘂𝗱𝗶𝘁𝗶𝗻𝗴 𝗮𝗻𝗱 𝘃𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻, the requirements of auditing and financial reporting standards, the valuation approaches appropriate for different types of investments, and the preparations needed to ensure a smooth audit process.

📩 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗼𝘂𝗿 𝗩𝗮𝗹𝘂𝗮𝘁𝗶𝗼𝗻 & 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗔𝘂𝗱𝗶𝘁 𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘀𝘁𝘀 to find out where your fund stands for unquoted investments.

Read the full article at

Fair Value Is Not A Year-End Exercise: Audit and Valuation Readiness for Fund Managers This guide outlines important merger and acquisition considerations, helping business owners make informed decisions and prepare for a smooth M&A process

𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱'𝘀 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗵𝘂𝗯𝘀, offering strong access to capital, talent, innovation, and government support. As 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝗹𝗼𝗼𝗸 𝗯𝗲𝘆𝗼𝗻𝗱 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 𝘁𝗼 𝘁𝗮𝗽 𝗦𝗼𝘂𝘁𝗵𝗲𝗮𝘀𝘁 𝗔𝘀𝗶𝗮'𝘀 𝟲𝟱𝟬-𝗺𝗶𝗹𝗹𝗶𝗼𝗻-𝘀𝘁𝗿𝗼𝗻𝗴 𝗺𝗮𝗿𝗸𝗲𝘁, 𝗴𝗿𝗼𝘄𝘁𝗵 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗮𝗯𝗼𝘂𝗻𝗱, but so do the complexities of regional expansion.

𝗥𝗲𝗮𝗱 𝘁𝗵𝗶𝘀 𝗮𝗿𝘁𝗶𝗰𝗹𝗲 𝗯𝘆 𝗖𝗟𝗔 𝗚𝗹𝗼𝗯𝗮𝗹 𝗧𝗦 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘀 to explore the realities facing start-up companies, the 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗳𝗼𝗰𝘂𝘀 𝗼𝗻 𝘀𝗰𝗮𝗹𝗮𝗯𝗹𝗲 𝗴𝗿𝗼𝘄𝘁𝗵, the 𝗿𝗼𝗹𝗲 𝗼𝗳 𝗔𝗜 𝗮𝗻𝗱 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 in 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝗴𝗿𝗼𝘄𝘁𝗵 𝗮𝗹𝗼𝗻𝗴𝘀𝗶𝗱𝗲 𝘁𝗮𝗹𝗲𝗻𝘁 𝗮𝗻𝗱 𝗹𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽, key considerations for regional expansion, what the IPO journey entails, and the potential risks businesses may encounter along the way.

Contact our 𝗛𝗲𝗮𝗱 𝗼𝗳 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗶𝗻𝗴 & 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁, 𝗬𝘂 𝗦𝗵𝗶𝗹𝗼𝗻𝗴, and 𝗗𝗲𝗽𝘂𝘁𝘆 𝗔𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗟𝗲𝗮𝗱𝗲𝗿 & 𝗜𝗣𝗢 𝗟𝗲𝗮𝗱𝗲𝗿, 𝗠𝗲𝗿𝗶𝗮𝗻𝗮 𝗔𝗻𝗴, for a confidential, no-obligation conversation about navigating these complexities and achieving sustainable growth in a competitive marketplace.

Read more:

Navigating Growth - Building Scalable, Investor-Ready and Public Market-Ready Businesses This guide outlines important merger and acquisition considerations, helping business owners make informed decisions and prepare for a smooth M&A process

Many family businesses believe the hard part of succession planning is over once a successor is identified and ownership transition is agreed.

In reality, this is where many plans begin to unravel. Succession plans define intent, but governance determines whether that intent can be successfully executed.

This last installment of the 𝟰-𝗽𝗮𝗿𝘁 CLA Global TS 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗪𝗲𝗮𝗹𝘁𝗵 𝗦𝗲𝗿𝗶𝗲𝘀 sheds light on the 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝗰𝗲 𝗼𝗳 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗶𝗻 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗶𝗼𝗻 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 and how it aids business owners in looking out for hidden risks that would otherwise prevent a smooth transition during the succession of their businesses.

𝗥𝗲𝗮𝗱 𝗺𝗼𝗿𝗲 to understand how Governance can solidify ideologies to effective executions, how governance plays a part in succession planning, the notable governance failures which derail successions, and a useful checklist to assess succession-readiness.

Contact our 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗪𝗲𝗮𝗹𝘁𝗵 𝘀𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘀𝘁𝘀 for a confidential, no-obligation conversation about where your governance stands and where it should be.

Read more:

Succession Planning: Governance Is What Makes It Stick - Governance and Controls as the Operating System of Continuity This guide outlines important merger and acquisition considerations, helping business owners make informed decisions and prepare for a smooth M&A process