Singapore generally does not impose taxes on trusts, making it an attractive jurisdiction for trust planning. However, tax implications may arise at the beneficiary level, depending on the nature of income distributed from the trust.
Income received by Singapore tax-resident beneficiaries may be subject to income tax, but the tax treatment can vary. For foreign beneficiaries, Singapore typically does not impose income tax on income received from foreign trusts.
Nevertheless, it's essential to seek advice from tax professionals to understand the tax implications based on your trust structure and beneficiaries' tax residency status.