Singapore has a largely territorial tax system. With this system, how does one determine when and what is taxable in Singapore? In this session, the speaker will share with us the source and residence rules that govern the taxability of income in Singapore, the relevance of tax treaties in allocating taxing rights between source and residence states, and the types of tax exemption under Singapore law that may be applicable to the company. The speaker will also share a case study focusing on the tax treatment of a sample investment portfolio of a company.
Webinar participants will be able to watch and listen to (via computer audio, recommended for security reasons or telephone line) the video presentation and Q&A discussion on their screens, receive a PDF copy of the presentation slides, as well as participate in the Q&A discussion by sending in their questions to the moderator via text using the built-in Q&A function.
12.00 – 12.05pm:
Opening Remarks & Introduction
Ms. Goh Seow Chee - Managing Director, Aequitas Advisory Pte Ltd
12.05 – 1.10pm:
I’ve Made a Profit, Am I Taxable?
Mr. Irving Aw - Co-Founder, Principal, Taxise Asia LLC
1.10 – 1.20pm:
Q&A Session
Mr Irving AwDirector
Osborne Clarke - Singapore
Irving is a dual-qualified attorney (New York and Singapore) with more than 18 years’ experience in tax and investment fund. Irving’s broad tax practice covers international tax, corporate income tax, value added tax, and tax controversies in Singapore and in the Asia-Pacific region. He advises and supports clients from a plethora of sectors and industries, including technology companies, financial institutions, life science companies, energy companies, and family offices, on complex domestic and cross-border tax issues and transactions. He also regularly advises international organizations and national governments on tax law and tax policy matters.
In his other practice area of investment funds, Irving has worked extensively on both upstream fund formation and downstream transactional mandates. He represents fund sponsors and mangers in the legal and tax structuring and formation of private funds across a wide range of investment strategies, as well as supports the legal and tax aspects of the investment and divestment activities of such funds. Irving is recognised for his tax law expertise by Chambers, The Legal 500, International Tax Review, and AsiaLaw, and is the winner of the 2022 Lexology Client Choice Award for Corporate Tax in Singapore.
Ms Goh Seow CheeManaging Director
Aequitas Advisory Pte Ltd
Before starting Aequitas, Seow Chee has spent more than 20 years in the tax and financial services industry specializing in tax investigation, trust and family succession planning. In the most recent years, Seow Chee has been sharpening her focus on family office space, supporting Singapore and international clients. Prior to founding her firm, Seow Chee was the Managing Director and Head of Wealth Advisory South East Asia at J P Morgan Private Bank, Singapore. She had previously held senior positions in HSBC Trustee Singapore and Equity Trust Singapore (now known as TMF Group). She started her career with Inland Revenue of Singapore as a tax investigator.