SCTP: Into the Anatomy of Anti-Avoidance in GIP v CIT (Live Webinar)


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Recommended: Explore the case implications on Section 33 and what this means for taxpayers
Date:
10 October 2024, Thursday

Closing date:3 October 2024, Thursday or when spaces are filled

Time:
12.00 - 01.30PM

Tech check from 11.45am

Venue:
Online

CPE Hours (Income Tax):

1.5 hour(s)

CPE Hours (GST):

0 hour(s)

SILE Public CPD Points:
1.5
Practice Area:
Tax
Training Category:
Intermediate
Fees:
(w/GST): $30.52 $41.42 (SCTP/ ISCA Member); $52.32 $63.22 (Association Member); $87.20 $98.10 (Non-Member)
Sign up now to enjoy $10 OFF your registration (before GST)!
Contact:
Contact Nabila (+(65) 6360 5969), Anna (+(65) 6360 5979) or enquiry@sctp.org.sg
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Programme Synopsis

This is an SILE-accredited webinar.
Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar in the manner required by the organiser, and not being away from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to www.sileCPDcentre.sg for more information.

Discover the critical implications of the decision made earlier this year in the GIP v The Comptroller of Income Tax (GIP v CIT) case, which involved a doctor who incorporated a company to manage the income from his clinic. Applying the General Anti-Avoidance Rule (GAAR), the tax authorities believed that this setup was a means to pay lesser tax and reclassified the clinic income as the doctor’s own personal income. This decision has created a buzz both online and various chats over kopi sessions. 

Come join in the discussion and understand Section 33 better with the team from Dentons Rodyk & Davidson LLPMr Edmund Leow, SC, Senior Partner and Ms Ng Chun Ying, Partner – as they dissect the case and cover the various issues and considerations involved. 

Learn why this case is a game-changer for tax planning and compliance, and gain insights for you/ your clients to avoid the risks of tax avoidance allegations. Don't miss this critical update for your practice!

Programme Outline

  • Be aware of the intricacies of the GIP v CIT case, with an analysis of the tax authorities’ decision
  • Explore how the broad application of GAAR under section 33 of the Income Tax Act affects common business structures and tax compliance strategies
  • Gain practical insights on avoiding the risks of tax avoidance allegations and ensuring compliance with evolving tax regulations
  • Discover the potential broader implications of the Board’s decision on GAAR applications in Singapore

SCTP reserves the right to vary any aspect of the event/ webinar should the situation warrant or due to unforeseen circumstances. This includes but not limited to the following: cancel the programme, change the venue, speakers, programme dates, fees and CPE hours. SCTP will take reasonable effort to notify participants of the changes.

About the Facilitator(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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Ms Ng Chun Ying
Partner
Dentons Rodyk & Davidson LLP


Chun Ying is a Partner in the Tax and Trusts, Estates and Wealth Preservation Practice of Dentons Rodyk.

Chun Ying is a tax lawyer based in Singapore with more than a decade of experience advising and representing multinational corporations and individuals on a broad range of cross-border tax issues, as well as tax disputes. Chun Ying's practice covers all aspects of Singapore taxes including income tax, stamp duty, goods and services tax, and transfer pricing. She is also well-versed in regional and global tax issues, having worked on many multijurisdictional tax matters.

Chun Ying is recognised as a Next Generation Partner for Tax by The Legal 500 Asia Pacific and has been awarded Lawyer of the Year for Tax by Women in Business Law Awards APAC for her expertise.

Chun Ying has worked with a diverse range of clients, ranging from large Fortune 500 and listed corporations to startups, blockchain companies, real estate developers, funds, family offices, and high net worth individuals. Her non-contentious experience includes corporate restructuring, IP restructuring, M&A, tax incentives, blockchain and ICOs, fund structuring, startup ESOPs/founder shares planning and many others.

On the contentious side, Chun Ying has appeared before administrative tribunals and has represented many taxpayers in audits and objections before the tax authorities. Controversy issues she has handled include tax incentive disputes, IP writing-down allowances, taxation of revenue/capital gains, sourcing of income, deduction of R&D expenses, tax residency, payment characterisation issues, foreign tax credit claims, transfer pricing, GST registration obligations and many others.

Prior to joining Dentons' practice, Chun Ying was a partner at a tier-one tax practice of an international law firm, where she built a career advising and representing clients in a range of highly complex tax matters. She also has a unique background having served as the APAC Senior Tax Counsel of Visa Worldwide Pte. Ltd., a top Fortune 500 company that operates in more than 200 countries globally.

Chun Ying was shortlisted "Tax Dispute Lawyer of the Year" in the Women in Business Law Awards APAC 2022, amongst other senior tax practitioners in the region.

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This is an SILE-accredited activity.
 
 
 


 








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