Regulatory Alerts2018-01-01
Mutual Fund and Hedge Fund (Amendment) Act 2018
President Danny Faure and the National Assembly enacted this amendment to section 32 of the Mutual Fund and Hedge Fund Act (Cap 285). The legislation restricts a Business Tax Act concession by requiring licensed fund administrators to meet prescribed substantial activity conditions. The amended provisions officially commenced on 1 January 2019, directly altering tax eligibility and compliance obligations for the sector.
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