Seminar Series: Trust Tax - Trap or Map? (Part 1)


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Date:
17 January 2024, Wednesday

Time:
04.00 - 06.00PM
Venue:
NTUC Centre
Room 902, Level 9
One Marina Boulevard
Singapore 018989

Details/ Promotion:
Please click here for more details and to register.
Accredited tax professionals enjoy preferential rate! (SCTP Members’ rate: $90. Normal rate: $120. Remember to indicate you are an SCTP member in the registration form.)
Contact:
Please refer to organiser’s webpage here.
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Programme Synopsis

With OECD’s BEPS framework, FATCA, CRS, economic substance laws and on the horizon, the proposed new Section 10L of ITA, the fiduciary industry continues to grapple with an increasingly granular tax reporting. These initiatives have made tax transparency and reporting an onerous task for trustees.  The interplay of the requirements can be complex to navigate.

Join STEP Singapore for the sessions below:

Part 1 of the Series examines the Singapore tax issues around trusts administered by Singapore trustees, their tax obligations, the substance requirement of the trust structures and the reporting obligations.

Part 2 of the Series examines the evolution of the Singapore structures with changing needs of the family and the regulatory environment.  The single-family office structure continues to entice families to Singapore. With heightened requirements for the tax exemption scheme and anti-money laundering requirements, this session looks into the new criteria of family office and pairing the criteria with tax issues discussed in the first session.

Programme Outline

17 January 2024 - Part 1

4.00 – 4.30pm: Registrations and Refreshments
                              
4.30 – 4.35pm: Opening Remarks by Chairperson
                         Mr John Tan - Managing Director, Alpadis Group
                                
4.35 – 5.45pm: Session 1: Trust Tax - Trap or Map? (Part 1)
                         Mr Edmund Leow SC – Senior Partner, Dentons Rodyk & Davidson LLP

5.45 – 6.00pm: Panel Discussion & Q&A Session

About the Presenter(s)/ Trainer(s)


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Mr Edmund Leow SC
Senior Partner
Dentons Rodyk & Davidson LLP


Edmund is a senior partner in Dentons Rodyk’s Corporate practice group and Head of the Tax practice. He is also Co-Head of the Trust, Estates & Wealth Preservation/Family Office practice. He has three decades of experience in advising multinational organisations on cross-border tax planning, transfer pricing and tax disputes. He also advises on international trade issues such as customs, WTO and free-trade agreements.

Edmund also leads the firm’s Trust, Estates and Wealth Preservation practice and advises high net worth individuals, private banks and trust companies in personal tax, as well as in trust and estate planning matters. He is the Singapore representative of Dentons' Family Office and High Net Worth (DFO) Sector (which offers legal services to ultra-high net worth individuals, families, and family offices spanning numerous practices and jurisdictions), and he advises affluent Singapore and global families with succession planning. Edmund provides a broad range of advice to assist these individuals and their families in business and legal activities across the globe.

Edmund was invited by the government to serve as a Judicial Commissioner at the Supreme Court. On stepping down, he was appointed Senior Counsel in 2017, making him the first and only Tax and Trust lawyer to be given this accolade nationwide.

Edmund is a highly recognised individual in various legal directories for his expertise in the area of tax and private wealth law. His views on tax and wealth management are widely sought and publicised in the media, such as Bloomberg, BBC, Channel NewsAsia, Reuters, The Financial Times and The Straits Times. He was also a founding partner of a Singapore law firm that was associated with an international law firm, where he headed up the Tax and Wealth Management practices in Singapore. 

Edmund is the President and an honorary member of the Singapore Trustees Association (STA). He is a co-founder of the STA which represents the interests of trust companies in Singapore.

In addition, he was appointed as Deputy Chairman of the Income Tax Board of Review, which is a statutory tribunal which hears income tax disputes between the Inland Revenue Authority of Singapore and taxpayers.

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Mr John Tan
Managing Director
Alpadis Group


With 19 years of experience in trust and fiduciary planning and administration, John brings a wealth of knowledge and expertise to Alpadis Group. Throughout his career, he has worked with corporate clients, as well as high and ultra-high net worth private clients across multiple jurisdictions. John began his career at HSBC Trustee Singapore in 2004, subsequently working with an international French bank and a Swiss private bank. Prior to joining Alpadis, John held the position of Managing Director at Ocorian Singapore office.

John holds a Bachelor of Business Administration degree, majoring in finance, from RMIT University, Australia. He is a full member of the Society of Trust and Estate Practitioners (STEP) and is fluent in English and Mandarin.








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