This lunchtime talk was intended to focus on the post foreign grantor and filing issues for US structures.  While many practitioners are familiar with non US grantor trust, many of them may not be aware of the common pitfalls where US structures hold US assets or trust becoming non grantor trust.

Derren Joseph, a partner of Hayden T Joseph started the talk with a case study with issues where most of the trust practitioners do encounter.  The case study was used to address some of the questions given to him by the committee before the talk.  Aside from discussing on the trust or other US structures, Derren also highlighted about gift/inheritance allowance not subject to tax between family members such as spouse and children.   

Questions raised during the Q&A were mainly about post grantor trust arrangement. 

Contributed by:

Ashley Ong

Executive Director,  Lion Trust (Singapore) Limited

As the Indonesia Tax Amnesty comes into effect in 2016, this lunchtime talk saw overwhelming interest and the committee decided to schedule the talk into two sessions.  Aside from the usual professionals and practitioners participants, this talk saw many individual participants that wanted to understand the scheme better. 

We are fortunate to have Mr Herdin Syafari of Rawlinson and Hunter Singapore sharing the schematics of the Tax Amnesty Programme.  He gave the audience the timeline, requirements and technical aspects of the Tax Amnesty Programme.  One of the key highlight is for the audience to understand the definition of income as defined in the Tax Amnesty Programme and also what is the submission process. 

Unsurprisingly, the Q&A session was swarm by questions from the audience.  In both sessions, the talk has to be extended arising from the long Q&A.

Click HERE to view event photos.

Contributed by:

Ashley Ong

Executive Director,  Lion Trust (Singapore) Limited

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