Dentons Rodyk & Davidson. As of 2020, Dentons operates in 77 countries, has 190 offices. One of the more significant updates is the introduction of Article 13 in the updated DTA, which provides for the taxation of capital gains. Singapore is often utilised as a holding jurisdiction for investing in Indonesia. Dentons is a multinational law firm.Dentons was the world's 5th-largest law firm by revenue, with $2,899,600,000 gross revenue in fiscal year 2019.The firm is called Dentons in all languages other than Chinese, in which it is called 大成 (Dacheng). New jobs for dentons rodyk davidson llp in Singapore available today on JobStreet - Quality Candidates, Quality Employers. Yi Rong has 2 jobs listed on their profile. Singapore ranks as the top foreign investor in Indonesia since 2014, and is often used as a holding jurisdiction for investing in Indonesia. Find your Dentons team. Dentons Rodyk is pleased to share that we have been recognised in The Straits Times' Singapore’s Best Law Firms 2021. Dentons Welcomes Mark Segall As A New Partner in Banking and Finance Mark Segall, a leading Banking and Finance Lawyer joins, Dentons in their office in Warsaw. Cookie Consent Manager © 2021 Dentons Rodyk & Davidson LLP, a limited liability partnership registered in Singapore with Registration No. For example, the making of key decisions or management of investments in Singapore may indicate substance in Singapore. Dentons Taiwan, formally established in 2010, provides comprehensive and reliable legal services around the world. 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. 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. Beverly is a Senior Associate in Dentons Rodyk’s Litigation and Dispute Resolution practice. Without Dentons, I doubt we would have got the results we did. 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. View Yi Rong Ang’s profile on LinkedIn, the world’s largest professional community. This change is in line with the global trend towards transparency. You will now be taken from the Dentons Rodyk website to the $redirectingsite website. Attorney advertising. Dentons Rodyk is pleased to share that we have been recognised in The Straits Times' Singapore’s Best Law Firms 2021. Gerald has spent his entire professional career with Dentons Rodyk and served as the firm’s Deputy Managing Partner from 2011 to 2020. Dentons Rodyk’s combination with global law firm Dentons created the dominant global law firm in the Pacific Rim. 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. At Dentons, we bring together top tier talent found at the intersection of geography, industry knowledge and substantive legal expertise. Dentons was founded in March 2013 by the merger of SNR Denton, Fraser Milner Casgrain and Salans. 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 recognised in The Straits Times' Singapore’s Best Law Firms 2021. The URL of this tweet is below. 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. MyJobStreet. At present, Singapore ranks as the top foreign investor in Indonesia since 2014. Get fresh perspectives on the new dynamic to inform your strategic thinking. If you are not already a client of Dentons, please do not send us any confidential information. Chambers, ranking, rodyk, philip, valerie ong. Dentons Rodyk, part of the world's largest law firm, Dentons, is Singapore’s oldest full-service law firm. For example, pure intellectual property royalties (e.g. T07LL0439G. Dentons is proud to announce the promotion of Dentons Myanmar Resident Lawyer, Quek … ... Indonesia, Malaysia, Papua New Guinea and Singapore. You will now be taken from the Dentons Rodyk website to the $redirectingsite website. Profile; Rankings; Leading Lawyers : This firm has not submitted a separate firm profile or contact details for publication. 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. Career Advice. 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. We always put our clients at the center of what we do, at the corner of our corporate philosophy and culture. Article 28 provides that a party may not avail treaty benefits in respect of an arrangement or transaction where one of the “principal purposes” of the arrangement or transaction was to obtain that benefit. A new Article 28 has also been introduced in the updated DTA. Country. Article 25 of the DTA provides a dispute resolution mechanism regarding the application of the DTA. Career Advice. Beverly advises and represents contractors in overseas and international projects. 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. By submitting your application, you consent that Dentons Rodyk & Davidson LLP may collect, use and/or disclose your personal data and/or other information contained in your application for the purpose of processing your application, including without limitation conducting screening and background checks. 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. Dentons Rodyk & Davidson LLP handles a range of cross-border projects and energy matters, including the financing and development of projects. Dentons Rodyk | 4,579 followers on LinkedIn. 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. In April 2016, global law firm Dentons and Singapore-based firm Rodyk combined, forming Dentons Rodyk in Singapore. Gerald Singham, Managing Partner at Dentons Rodyk, a member of the world’s largest law firm, has been appointed as Global Vice-Chair & ASEAN Region CEO, with effect from January 11, 2021. 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. The above changes may affect relevant industry players (e.g. The concept of substance is not new to Singapore nor Indonesia. Dentons Rodyk’s entry is timely and an important part of our regional strategy. Learn more. The firm is called Dentons in all languages other than Chinese, in which it is called 大成 (Dacheng). T07LL0439G. For Employers. Search Jobs . This is a general anti-abuse rule also known as the Principal Purpose Test (PPT), as set out in the MLI. On a separate but related note, Singapore and Indonesia are signatories of the Multilateral Competent Authority Agreement (MCAA), a multilateral framework agreement for the implementation of the Common Reporting Standard (CRS). As the world's largest law firm, Dentons works in most of the countries seriously impacted by Covid-19. The updated DTA will enter into force upon its ratification by both countries. DENTONS RODYK & DAVIDSON LLP (the "Partnership") is a Llp, incorporated on 2 April 2007 (Monday) in Singapore. Notably, the updated DTA introduces lower withholding tax rates for royalties under Article 12. . This section is only available to full subscribers. In determining whether information may be exchanged, Article 26 will adopt a broader test of “foreseeable relevance” in the OECD Model, in place of the existing test of “necessity”. 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. Dentons Rodyk & Davidson LLP handles a range of cross-border projects and energy matters, including the financing and development of projects. Attorney advertising. For example, persons investing in Indonesia using a Singapore holding entity may be required to have substance in Singapore in order to claim treaty benefits. Correspondingly, a lack of substance could lead to a higher likelihood of triggering the anti-avoidance provisions. {{ getActiveCase(headerData.languageLinks,'active',true).languageCode | uppercase}}, {{ getActiveCase(headerData.languageLinks,'active',true).name}}, Message from ASEAN CEO – Renew, Refresh, Restart. Please click Confirm below to continue. To proceed, please click Accept. On the other hand, equipment leasing (e.g. Find your Dentons team. The address of the Partnership's registered office is at the UOB PLAZA building. Gerald Singham, newly appointed ASEAN CEO of Dentons Rodyk & Davidson shares his first message with the firm. 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. Start by clicking here. Beverly’s main areas of practice are dispute resolution and construction. In light of these developments, the veil of secrecy, which previously allowed taxpayers to “conceal” their assets offshore, has been lifted, enabling tax authorities to obtain information previously beyond their reach. See the complete profile on LinkedIn and discover Yi Rong’s connections and jobs at similar companies. Overall, the new anti-avoidance provisions will place a greater emphasis on the requirement for substance to claim treaty benefits. The Partnership current operating status is live and has been operating for 13 years 342 days. View all press releases for Yangon Beverly graduated from the Singapore Management University in 2016 with a Bachelor of Laws – LLB and she was called to the bar in 2017. Gerald Singham, Managing Partner at Dentons Rodyk, a member of the world’s largest law firm, has been appointed as Global Vice-Chair & ASEAN Region CEO, with effect from January 11, 2021. Dentons Myanmar Resident Lawyer Promoted to Partner October 1, 2019. 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. Loading . 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. 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. Both Singapore and Indonesia have endorsed the Convention on Mutual Administrative Assistance in Tax Matters in 2010 and international Standard for Automatic EOI in 2014, which facilitate EOI between countries on request, spontaneously and automatically. The updated Singapore-Indonesia DTA is therefore a welcome development and will attract further investments and trade between both countries. 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. 32 Dentons lawyers recognized in World Trademark Review's 2020 ranking for the world's leading trademark professionals February 25, 2020 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. Similarly, Indonesia has implemented the concept of substance through some tax regulations to interpret tax treaty abuse and also the concept of beneficial ownership since 2009. 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. Indonesia; Laos; Malaysia; Myanmar; Philippines; Singapore; Thailand; Vietnam; 中文 Search for lawyers. You are switching to another language. Copy it to easily share with friends. In 2016, the MLI was introduced to modify the existing global network of tax treaties to implement treaty-related BEPS measures. Industry Sectors. Please find a list of related firms in this jurisdiction to the right. Dentons Rodyk is pleased to share that we have been recognised in 12 out of 15 practice categories in The Straits Times ’ inaugural Singapore’s Best Law Firms 2021. {{ getActiveCase(headerData.languageLinks,'active',true).languageCode | uppercase}}, {{ getActiveCase(headerData.languageLinks,'active',true).name}}, Tax Update: Singapore and Indonesia Sign Updated Double Tax Treaty. The new Article 13 is a noteworthy addition to the DTA. 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 The Partnership current operating status is live with registered address at UOB PLAZA. See the complete profile on LinkedIn and discover Ai Hong Amy’s connections and jobs at similar companies. 8%, for the use of or the right to use, industrial, commercial or scientific equipment, or for information concerning industrial, commercial or scientific experience. banks and professional trustees) by imposing various obligations to comply with the new exchange of information provisions under the updated DTA, as well as under the CRS. Capital gains are not presently included within the scope of the existing DTA. In recent years, Singapore has improved her dispute resolution capabilities to enhance the effectiveness of the MAP. At Dentons, we bring together top tier talent found at the intersection of geography, industry knowledge and substantive legal expertise. 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. On 4 February 2020, Singapore and Indonesia signed an updated avoidance of double taxation agreement (DTA). Add this Tweet to your website by copying the code below. 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. Dentons has an established history in the ASEAN countries we currently operate in – Indonesia, Malaysia, Myanmar and Singapore. View Ai Hong Amy Lim’s profile on LinkedIn, the world’s largest professional community. Amendments to provisions on Exchange of Information. Article 13 is largely in line with the 2017 OECD Model Tax Convention (the OECD Model). 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. The scope of Article 26 will also be expanded to encompass all information relating to the administration or enforcement of domestic laws concerning all types of taxes, and not merely items covered by the DTA. 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. 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. 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. Nonetheless, we note that the updated DTA contains certain anti-avoidance provisions of the MLI. Menu. licensing of copyright, patents, trade marks) are likely to fall under category (a) above and subject to a maximum withholding tax rate of 10%. Ai Hong Amy has 1 job listed on their profile. 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. Dentons is a multinational law firm. The firm’s FinTech practice was also ranked Band 2 in the guide. As the world's largest law firm, Dentons works in most of the countries seriously impacted by Covid-19. On the other hand, capital gains from disposals of shares will be taxed in the State of residence of such person disposing of the shares, subject to certain exceptions. 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. Benchmark a law firm's performance against competitors; Compare … 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)”. Search Jobs. It essentially provides that capital gains arising from disposals of immovable property and movable business property will be taxed in the State where such property is situated. The BEPS Project aims to address artificial tax planning, including treaty abuse. As the world's largest law firm, Dentons works in most of the countries seriously impacted by Covid-19. 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 PPT is notable. Dentons Rodykについて（日本語） LinkedIn; Twitter ... Office Details; Industries and practices . Dentons Rodyk & Davidson LLP, member of the world’s largest law firm, Dentons, is pleased to announce that John Dick has joined the firm as part of its Energy & Resources and Infrastructure practice and its South East Asia regional practice. Please click Confirm below to continue. Company Profiles. Cookie Consent Manager © 2021 Dentons Rodyk & Davidson LLP, a limited liability partnership registered in Singapore with Registration No. More. Dentons launches combination with elite law firm in Indonesia September 25, 2018 Dentons has launched its previously announced combination with Hanafiah Ponggawa & Partners (HPRP), one of the largest and most elite law firms in Indonesia. Gerald has spent his entire professional career with Dentons Rodyk and served as the firm’s Deputy Managing Partner from 2011 to 2020. Dentons Rodyk was top ranked in Conveyancing, Intellectual Property Law and Real Estate Law. IFLR1000's Ranking Analysis allows you to:. You are switching to another language. 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. Under Singapore’s existing tax rules, a Certificate of Residence (COR) must first be obtained from IRAS in order to claim treaty benefits. In this article, we provide key updates relevant to businesses and individuals. 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). Covid-19 – Dentons response. 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. 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 … The updated DTA is thus a welcome development to attract further investments and trade between both countries. 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. aircraft leasing) would generally fall under category (b) above and hence subject to a maximum withholding tax rate of 8%. LAW firm Shepherd and Wedderburn has announced that it has recruited sector stablemate Dentons’ 20-strong Scottish private client team. The maximum withholding tax rate for royalties will be lowered from the existing rate of 15% to the new rates of either 10% or 8%, depending on the type of royalty income, as follows: 10%, for the use of or the right to copyright of literary, artistic or scientific work including cinematograph films, or films or tapes used for radio or television broadcasting, any patent, trade mark, design or model, plan, secret formula or process; and. To proceed, please click Accept. If you are not already a client of Dentons, please do not send us any confidential information. 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. MyJobStreet. Dentons Rodyk is pleased to share that we have been recognised in The Straits Times' Singapore’s Best Law Firms 2021. 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. 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. Company Profiles. The withholding tax rates for interest and dividends under the updated DTA will generally remain unchanged. Covid-19 – Dentons response. Nonetheless, the wording in Article 25 has been tweaked slightly to align with the OECD Model and MLI. Dentons Taiwan | 51 followers on LinkedIn. DENTONS RODYK & DAVIDSON LLP was incorporated on 2 April 2007 (Monday) as a Llp in Singapore. The Partnership principal activity is in LEGAL ACTIVITIES.
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