[POSTPONED] AIMA Singapore Manager Only Seminar: Carried Interest

Singapore

Due to the current evolving situation regarding the novel coronavirus, this seminar has been postponed indefinitely. The health and safety of our members and the community is foremost on our minds. Registrants will be informed when a new date is confirmed. For any queries, please contact Gennifer.
 

AIMA Singapore invites you to join us at our upcoming manager-only breakfast seminar.
 

In light of the recent changes in the tax and regulatory environment such as the introduction of Economic Substance requirements in several jurisdictions, and the introduction of the Variable Capital Company in Singapore as a new corporate structure that can be used for a wide range of investment funds, it may be an appropriate time to relook at the existing carry structure.

This session will discuss the tax and legal implications in Singapore around structuring of carried interest. The session would focus on the following:
 
Tax
  • Taxation of carried interest under Singapore tax law and practice
  • General overview of tax treatment of carried interest in other countries such as Japan, Hong Kong, UK and the US
  • Current tax avoidance provisions in Singapore including IRAS’s view on its applicability to the taxation of carried interest
  • How to structure carry from Singapore in a tax efficient manner
Legal
  • Common issues faced in structuring carried interest provisions in fund documents for both closed and open-ended funds
  • Overview of market practice of how carried interest provisions are structured in jurisdictions such as the US, UK and Asia
  • Considerations for structuring carried interest at both the fund and sponsor level  
Speakers:
Teo Wee Hwee, Head of Asset Management Tax, KPMG in Singapore
Joel Seow, Partner, Morgan, Lewis & Bockius LLP
 
Please note this session is open to fund managers only and there may be limits on attendees per firm.
 
To request for an event code to register, please contact Gennifer.
 

Teo Wee Hwee, Head of Asset Management Tax, KPMG in Singapore
Wee Hwee is a partner with KPMG and currently heads the Asset Management (Tax) Practice. He has more than 21 years of experience and focuses on fund structuring, carry planning and tax minimisation strategies for fund investments across Asia Pacific.
 
Joel Seow, Partner, Morgan, Lewis & Bockius LLP
Joel is a partner in the Investment Management practice group of Morgan, Lewis & Bockius LLP (of which Morgan Lewis Stamford LLC is a part of). Joel advises sponsors throughout Asia on the establishment of private investment funds across various asset classes and jurisdictions, with a focus on private equity, venture capital, real estate, infrastructure, and hedge funds.
 
 

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