Course Detail(TAX100 : Getting a Good DEAL by Understanding Taxation Aspects of Mergers & Amalgamations and Tax Due Diligence)

SDF Funding, SkillsFuture Credit, UTAP Funding

TAX100 : Getting a Good DEAL by Understanding Taxation Aspects of Mergers & Amalgamations and Tax Due Diligence

7.00 CPE Hours (Others)
Classroom

Programme Objective

In this globalised climate, companies are constantly looking for new ways to increase revenues and find new revenue sources.  Some companies merged and acquired the others with a view to achieving better economies of scale and/or used the combined strengths to create new business models.

Some might argue that the success of any M&A deal is the result of the meeting of minds on the commercial terms of by the parties involved.  However, my experience suggests that identifying key deal tax issues in the early stage of the deal is equally important.  By carefully structuring the deal to overcome all potential tax obstacles and allowing the commercial objectives of the deal to be satisfied is not impossible.  What is required - it is proper mindset and strategies.
Imagine this scenario:  you are involved in a M&A deal whereby the parties are about to conclude a binding agreement. At this time, your tax advisor suddenly informs you that the deal cannot be proceeded because a stamp duty issue has to be resolved with the Singapore tax authorities. Imagine another scenario: no tax due diligence has been conducted because the management believes that it is not necessary.  Unfortunately, your group have assumed an unknown tax liability in millions of dollars from one of the entities in the seller’s group. Do you realise that poor tax planning in any M&A deal can be fatal? 

This is why in this 1-day workshop, participants have the opportunity to understand the potential Singapore income tax, GST and stamp duties consequences arising from common M&A deals in Singapore. The workshop should help participants to equip with the skill to ask their tax advisors the right questions and/or understand advice from their tax advisors so that potential tax deal breakers can be identified and resolved as early as possible. The use of practical case studies and interactive discussions between the workshop facilitator and the participants would form a major component in this workshop to ensure that the discussion and key learning points remain practical and relevant.
 

Programme Outline

  • Understand the common techniques to be used for the purpose of successfully acquiring / taking over the business of another company and consider some common tax issues arising from each of these methods of acquisition

  • Examine the Tax Due Diligence (“TDD”) process from the beginning to the finish line

  • Evaluate the “Dos” and “Don’ts” in any TDD exercise

  • Consider some of the common key deal tax issues that might occur in a TDD exercise and to what extent some of these issues can become the ultimate “deal-breaker!”

  • Evaluate any post-TDD matters that you must follow up, even after the TDD report has been issued

  • Discuss some of the tax best practice you can adopt in managing a successful M&A deal.


Training Methodology

Group-based learning with Case Studies and Examples


Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

• Senior Tax Consultants, Managers and Senior Managers in International CA firms who are involved in tax advisory work; • Tax Associates from all levels in law firms who are involved in tax advisory work; • In-house Tax Directors and Managers, Chief Financial Officers, or Financial Controllers who are involved in making key tax decisions for their companies; • Public Practitioners from local CA firms who provide their clients with tax compliance and tax advisory services; • Independent advisors who provide their clients with tax advisory services; and • Non-tax professionals who aspire to achieve a more in-depth understanding of these common tax issues on M&A transaction concerning Singapore companies.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

05 Aug 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jack HM Wong

Date & Time

26 Nov 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jack HM Wong

Date & Time

03 Oct 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jack HM Wong

Testimonial

Funding

1] SkillsFuture Credit (SFC)
Funding Period: Until 5 Aug 2020
Course Ref No.: CRS-N-0031586

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SFC may be accumulated to pay for skills related course fees. You may wish to use your SFC to pay for partial/full ISCA course fees.  (For more information on the SFC scheme, please visit 
http://www.skillsfuture.sg/credit)

 

If you wish to enrol for the course with SFC Funding, please proceed with the following steps:

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for SkillsFuture Credit?”, click “Yes” and input all required information. At the Cart page, please ensure that SFC funding is applied before clicking “Checkout”.
  • Step 2: After successful enrolment, please proceed to submit SFC claim on Skillsfuture Portal within 60 days before the course start date and obtain the necessary approval. Please submit SFC claim via SFC portal here: http://www.skillsfuture.sg/credit.

 

Failure to submit claim application and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use. Please note that there will be an administrative fee of $42.80 for any revision of invoice.


2] WDA Training Grant - SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (Eligibility criteria apply). 
 
Funding Period: Until 5 Aug 2020
Funded Hours: 7 hours
Course Ref No.: CRS-N-0031586

 

If you wish to enrol participants with SDF Funding, please proceed with the following steps (For Corporate enrolments only) :

  • Step 1: Register for the course online via ISCA Portal. Upon adding to cart, the system will prompt a question “Do you wish to apply for WDA Funding?”, click Yes and input all required information. At the Cart page, please ensure that SDF funding is applied before clicking “Checkout”.
     
  • Step 2: After successful enrolment, please proceed to submit the Training Grant application via SkillsConnect Portal here: https://www.skillsconnect.gov.sg/

 

Employers of company-sponsored participants must submit training grant via SkillsConnect system to obtain training grant for course fees. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please note that there will be an administrative fee of $42.80 for any revision of invoice.

 

Eligibility Criteria:

  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

 


3] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends.

Programme Facilitator(s)


Jack HM Wong
Accredited Tax Advisor (Income Tax & GST)
FCA Singapore 
 
 
An Accredited Tax Advisor, Jack has over 24 years of international tax experience, providing MNC and high net-worth individuals with his comprehensive, relevant and timely solutions to address their urgent tax challenges.  He also has substantial experience in resolving tax disputes with the tax authorities and negotiating for tax incentives with the Singapore Government agencies on behalf his clients. Jack wins praise for his effective balance of the tax technical skills and client services.  In 2010, Jack received the honour of being named one of the top Notable Tax Practitioners in Singapore by Chambers & Partners, Asia. 
 
Apart from his tax practice, Jack has also embarked on his personal development journey and training in 2008 as he realises that it is important to have both business/ technical development and personal development for him to continue to take his business to the next level. Jack made the decision to specialise in the areas of personality profiling, sales presentation & pitch construction using proven language patterns, negotiation and communication skills. 
 
Currently, Jack is a certified / licensed trainer & facilitator with the following credentials:
 
Certified TetraMap Facilitator
Certified & Licensed Trainer with BANKCODE 
Licensed Trainer in Neuro-Linguistic Programming
Certified Trainer & Coach in Blair Singer Training Academy
Certified Trainer in Myers-Briggs Type Indicator® for STEP I & STEP II
Certified Trainer in Basic and Advanced Enneagram Spectrum of Personality Styles

Programme Objective

In this globalised climate, companies are constantly looking for new ways to increase revenues and find new revenue sources.  Some companies merged and acquired the others with a view to achieving better economies of scale and/or used the combined strengths to create new business models.

Some might argue that the success of any M&A deal is the result of the meeting of minds on the commercial terms of by the parties involved.  However, my experience suggests that identifying key deal tax issues in the early stage of the deal is equally important.  By carefully structuring the deal to overcome all potential tax obstacles and allowing the commercial objectives of the deal to be satisfied is not impossible.  What is required - it is proper mindset and strategies.
Imagine this scenario:  you are involved in a M&A deal whereby the parties are about to conclude a binding agreement. At this time, your tax advisor suddenly informs you that the deal cannot be proceeded because a stamp duty issue has to be resolved with the Singapore tax authorities. Imagine another scenario: no tax due diligence has been conducted because the management believes that it is not necessary.  Unfortunately, your group have assumed an unknown tax liability in millions of dollars from one of the entities in the seller’s group. Do you realise that poor tax planning in any M&A deal can be fatal? 

This is why in this 1-day workshop, participants have the opportunity to understand the potential Singapore income tax, GST and stamp duties consequences arising from common M&A deals in Singapore. The workshop should help participants to equip with the skill to ask their tax advisors the right questions and/or understand advice from their tax advisors so that potential tax deal breakers can be identified and resolved as early as possible. The use of practical case studies and interactive discussions between the workshop facilitator and the participants would form a major component in this workshop to ensure that the discussion and key learning points remain practical and relevant.
 

Programme Outline

  • Understand the common techniques to be used for the purpose of successfully acquiring / taking over the business of another company and consider some common tax issues arising from each of these methods of acquisition

  • Examine the Tax Due Diligence (“TDD”) process from the beginning to the finish line

  • Evaluate the “Dos” and “Don’ts” in any TDD exercise

  • Consider some of the common key deal tax issues that might occur in a TDD exercise and to what extent some of these issues can become the ultimate “deal-breaker!”

  • Evaluate any post-TDD matters that you must follow up, even after the TDD report has been issued

  • Discuss some of the tax best practice you can adopt in managing a successful M&A deal.


Training Methodology

Group-based learning with Case Studies and Examples


Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

• Senior Tax Consultants, Managers and Senior Managers in International CA firms who are involved in tax advisory work; • Tax Associates from all levels in law firms who are involved in tax advisory work; • In-house Tax Directors and Managers, Chief Financial Officers, or Financial Controllers who are involved in making key tax decisions for their companies; • Public Practitioners from local CA firms who provide their clients with tax compliance and tax advisory services; • Independent advisors who provide their clients with tax advisory services; and • Non-tax professionals who aspire to achieve a more in-depth understanding of these common tax issues on M&A transaction concerning Singapore companies.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Jack HM Wong
Accredited Tax Advisor (Income Tax & GST)
FCA Singapore 
 
 
An Accredited Tax Advisor, Jack has over 24 years of international tax experience, providing MNC and high net-worth individuals with his comprehensive, relevant and timely solutions to address their urgent tax challenges.  He also has substantial experience in resolving tax disputes with the tax authorities and negotiating for tax incentives with the Singapore Government agencies on behalf his clients. Jack wins praise for his effective balance of the tax technical skills and client services.  In 2010, Jack received the honour of being named one of the top Notable Tax Practitioners in Singapore by Chambers & Partners, Asia. 
 
Apart from his tax practice, Jack has also embarked on his personal development journey and training in 2008 as he realises that it is important to have both business/ technical development and personal development for him to continue to take his business to the next level. Jack made the decision to specialise in the areas of personality profiling, sales presentation & pitch construction using proven language patterns, negotiation and communication skills. 
 
Currently, Jack is a certified / licensed trainer & facilitator with the following credentials:
 
Certified TetraMap Facilitator
Certified & Licensed Trainer with BANKCODE 
Licensed Trainer in Neuro-Linguistic Programming
Certified Trainer & Coach in Blair Singer Training Academy
Certified Trainer in Myers-Briggs Type Indicator® for STEP I & STEP II
Certified Trainer in Basic and Advanced Enneagram Spectrum of Personality Styles

Upcoming Schedule

Registration is closed

Date & Time

05 Aug 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Jack HM Wong

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537