Singapore and Indonesia have since activated their relationship under the CRS MCAA and conducted their first exchange of information under the CRS in September 2018. View Ai Hong Amy Lim’s profile on LinkedIn, the world’s largest professional community. Believed to be the first of its kind undertaken by a home-grown organisation, the survey allows lawyers and clients to rate firms in various legal practice. DENTONS RODYK & DAVIDSON LLP (the "Partnership") is a Llp, incorporated on 2 April 2007 (Monday) in Singapore. Under domestic tax laws in Indonesia, a Singapore resident deriving capital gains from the sale of Indonesian assets would be subject to Indonesian capital gains tax on a deemed basis of 5% of the transaction value. T07LL0439G. T07LL0439G. In recent years, Singapore has improved her dispute resolution capabilities to enhance the effectiveness of the MAP. Start by clicking here. Overall, the Report concludes that Singapore satisfies almost all the elements of the relevant BEPS minimum standard. Dentons was the world's 5th- largest law firm by revenue, with $2,899,600,000 gross revenue in fiscal year 2019. Please click Confirm below to continue. This is a general anti-abuse rule also known as the Principal Purpose Test (PPT), as set out in the MLI. Dentons Taiwan | 51 followers on LinkedIn. Profile; Rankings; Leading Lawyers : This firm has not submitted a separate firm profile or contact details for publication. The concept of substance is not new to Singapore nor Indonesia. As one of Singapore’s oldest legal practices, trusted since 1861 by clients near and far, rely on our full service capabilities to help you achieve your business goals in Singapore … Yi Rong has 2 jobs listed on their profile. MyJobStreet. {{ getActiveCase(headerData.languageLinks,'active',true).languageCode | uppercase}}, {{ getActiveCase(headerData.languageLinks,'active',true).name}}, Tax Update: Singapore and Indonesia Sign Updated Double Tax Treaty. The CRS represents a major step in global information exchange, by introducing a single global standard for the automatic exchange of financial account information between over 100 participating jurisdictions. The updated DTA will enter into force upon its ratification by both countries. The firm is particularly active in advising Chinese state-owned enterprises on energy projects in Belt and Road Initiative countries such as Indonesia and Singapore. The Partnership principal activity is in LEGAL ACTIVITIES. Singapore and Indonesia are signatories to the MLI, which entered into force in Singapore on 1 April 2019, but has yet to be ratified by Indonesia. Dentons Rodyk’s entry is timely and an important part of our regional strategy. Beginning as a law office of Mr. L. Hanafiah in 1953 and reconstituted in 1990, today Dentons HPRP is one of the Indonesia’s top 5 largest law firms. DML together with our Singapore parent, Dentons Rodyk, Malaysia’s Zain & Co and Indonesia’s Dentons HPRP (formerly Hanafiah Ponggawa & Partners), form the ASEAN members of Dentons, a Swiss verein, with more than 10,000 lawyers serving nearly 80 countries. Dentons Rodyk | 4,579 followers on LinkedIn. Dentons has an established history in the ASEAN countries we currently operate in – Indonesia, Malaysia, Myanmar and Singapore. Cookie Consent Manager © 2021 Dentons Rodyk & Davidson LLP, a limited liability partnership registered in Singapore with Registration No. Ai Hong Amy has 1 job listed on their profile. Dentons Rodyk is pleased to share that we have been recognised in The Straits Times' Singapore’s Best Law Firms 2021. Dentons Rodyk is pleased to share that we have been recognised in The Straits Times' Singapore’s Best Law Firms 2021. Article 13 is largely in line with the 2017 OECD Model Tax Convention (the OECD Model). licensing of copyright, patents, trade marks) are likely to fall under category (a) above and subject to a maximum withholding tax rate of 10%. You will now be taken from the Dentons Rodyk website to the $redirectingsite website. We bring to bear our own experience of dealing with the impact of Covid-19 in each of our markets, coupled with local knowledge and legal solutions, to help you fully assess and address its ramifications across countries. Beverly is a Senior Associate in Dentons Rodyk’s Litigation and Dispute Resolution practice. For Employers. Believed to be the first of its kind undertaken by a home-grown organisation, the survey allows lawyers and clients to rate firms in various legal practice categories. View all press releases for Yangon Dentons Rodyk & Davidson. Article 25 of the DTA provides a dispute resolution mechanism regarding the application of the DTA. Nonetheless, the wording in Article 25 has been tweaked slightly to align with the OECD Model and MLI. 8%, for the use of or the right to use, industrial, commercial or scientific equipment, or for information concerning industrial, commercial or scientific experience. In April 2016, global law firm Dentons and Singapore-based firm Rodyk combined, forming Dentons Rodyk in Singapore. {{ getActiveCase(headerData.languageLinks,'active',true).languageCode | uppercase}}, {{ getActiveCase(headerData.languageLinks,'active',true).name}}, Message from ASEAN CEO – Renew, Refresh, Restart. For instance, if you need oversight of the latest local government announcements or a comparison guide to the regulations that apply to your employees across markets, we are here to help you. Beverly graduated from the Singapore Management University in 2016 with a Bachelor of Laws – LLB and she was called to the bar in 2017. The updated Article 26 will also restrict the ability of a Contracting State to decline to supply foreseeably relevant information to the other Contracting State, unless any of the exceptions are satisfied. We bring to bear our own experience of dealing with the impact of Covid-19 in each of our markets, coupled with local knowledge and legal solutions, to help you fully assess and address its ramifications across countries. Company Profiles. Dentons Rodyk is pleased to announce that Global Vice Chair & ASEAN CEO Philip Jeyaretnam SC and Senior Partner Lawrence Teh have been inducted into The Legal 500’s inaugural Hall of Fame. With roots reaching as far back as 1861, our team of skilled and experienced lawyers in each nation are committed to helping you meet your goals. Gerald Singham, newly appointed ASEAN CEO of Dentons Rodyk & Davidson shares his first message with the firm. Add this Tweet to your website by copying the code below. Beverly’s main areas of practice are dispute resolution and construction. Overall, the new anti-avoidance provisions will place a greater emphasis on the requirement for substance to claim treaty benefits. As the world's largest law firm, Dentons works in most of the countries seriously impacted by Covid-19. Career Advice. You will now be taken from the Dentons Rodyk website to the $redirectingsite website. Covid-19 – Dentons response. In other words, a Singapore resident disposing of Indonesian shares under certain circumstances would avail an exemption from Indonesian capital gains tax under Article 13 of the updated DTA. The above changes may affect relevant industry players (e.g. The firm is called Dentons in all languages other than Chinese, in which it is called 大成 (Dacheng). More. Unsolicited emails and other information sent to Dentons will not be considered confidential, may be disclosed to others, may not receive a response, and do not create a lawyer-client relationship. Once Article 28 comes into effect, businesses that are unable to satisfy the PPT may not be entitled to treaty benefits under the updated DTA. The PPT is notable. Capital gains are not presently included within the scope of the existing DTA. Get fresh perspectives on the new dynamic to inform your strategic thinking. We bring to bear our own experience of dealing with the impact of Covid-19 in each of our markets, coupled with local knowledge and legal solutions, to help you fully assess and address its ramifications across countries. Copy it to easily share with friends. See the complete profile on LinkedIn and discover Ai Hong Amy’s connections and jobs at similar companies. A new Article 28 has also been introduced in the updated DTA. On the other hand, equipment leasing (e.g. To safeguard against the abuse of treaty benefits, the updated DTA also introduces anti-avoidance provisions which are in line with recent updates to the OECD Model contained in the Multilateral Instrument (MLI). LAW firm Shepherd and Wedderburn has announced that it has recruited sector stablemate Dentons’ 20-strong Scottish private client team. Home to the Grasburg mine, the largest gold mine and second largest copper mine in the world, and blessed with an abundance of substantial deposits, Indonesia’s mining industry is a significant contributor to the largest economy in Southeast Asia, and is instrumental to Indonesia’s strong economic growth in the past years. Singapore ranks as the top foreign investor in Indonesia since 2014, and is often used as a holding jurisdiction for investing in Indonesia. Industry Sectors. See the complete profile on LinkedIn and discover Yi Rong’s connections and jobs at similar companies. Believed to be the first of its kind undertaken by a home-grown organisation, the survey allows lawyers and clients to rate firms in various legal practice. Dentons Rodyk, part of the world's largest law firm, Dentons, is Singapore’s oldest full-service law firm. For instance, the preamble to the DTA has been modified, in line with the MLI, to set out that the objective of the DTA is to eliminate double taxation “without creating opportunities for non-taxation or reduced taxation through tax evasion or avoidance (including through treaty-shopping arrangements aimed at obtaining reliefs provided in this Agreement for the indirect benefit of residents of third jurisdictions)”. MyJobStreet. As of 2020, Dentons operates in 77 countries, has 190 offices. The MAP is not a new concept in the existing DTA, and it could even be said that the MAP was ahead of its time when it was originally introduced as a provision in the 1992 DTA. Dentons Rodyk is pleased to share that we have been recognised in The Straits Times' Singapore’s Best Law Firms 2021. Since 2013, the OECD and G20 Leaders have embarked on a major revamp of international tax rules through the Base Erosion and Profit Shifting (BEPS) Project. Career Advice. Under Singapore’s existing tax rules, a Certificate of Residence (COR) must first be obtained from IRAS in order to claim treaty benefits. Find your Dentons team. In March 2018, the OECD published a Stage 1 MAP Peer Review Report, evaluating Singapore’s implementation of BEPS measures relating to the resolution of MAP cases. Dentons Rodyk was top ranked in Conveyancing, Intellectual Property Law and Real Estate Law. Please find a list of related firms in this jurisdiction to the right. 32 Dentons lawyers recognized in World Trademark Review's 2020 ranking for the world's leading trademark professionals February 25, 2020 Finally, Article 26 of the DTA on the exchange of information for tax purposes (EOI) has been brought in alignment with the OECD Model and international tax developments. Learn more. To proceed, please click Accept. Find your Dentons team. Search Jobs. Amendments to provisions on Exchange of Information. The Partnership current operating status is live and has been operating for 13 years 342 days. In this regard, a COR will be granted by IRAS only if the applicant is able to demonstrate that such applicant has substance in Singapore. Country. Gerald has spent his entire professional career with Dentons Rodyk and served as the firm’s Deputy Managing Partner from 2011 to 2020. In this article, we provide key updates relevant to businesses and individuals. Benchmark a law firm's performance against competitors; Compare … On 4 February 2020, the respective Governments of Singapore and Indonesia signed an updated avoidance of double taxation agreement (DTA), bringing to fruition nearly five years of bilateral negotiations to update the DTA for the first time since 1992. We always put our clients at the center of what we do, at the corner of our corporate philosophy and culture. Singapore is often utilised as a holding jurisdiction for investing in Indonesia. The URL of this tweet is below. The updated DTA is thus a welcome development to attract further investments and trade between both countries. Chambers, ranking, rodyk, philip, valerie ong. Loading . Covid-19 – Dentons response. Notably, the updated DTA introduces lower withholding tax rates for royalties under Article 12. This change is in line with the global trend towards transparency. You are switching to another language. Dentons was founded in March 2013 by the merger of SNR Denton, Fraser Milner Casgrain and Salans. dentons.rodyk.com MCI (P) 083/05/2019 1 Reporter Issue 02 (2021) Business Bulletin 2021 Budget Tax Developments As Singapore continues the fight against COVID-19, Deputy Prime Minister and Finance Minister Heng Swee Keat If you are not already a client of Dentons, please do not send us any confidential information. Dentons Rodyk highly ranked in Chambers FinTech 2020 January 30, 2020 Dentons Rodyk is proud to announce that Senior Partner Kenneth Oh has been recognized as a Band 1 lawyer in the Chambers FinTech 2020 guide, for the second year in a row. The updated Singapore-Indonesia DTA is therefore a welcome development and will attract further investments and trade between both countries.
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