Ideas to Assets: Connecting Markets through IP

4 - 5 SEPTEMBER 2018 | Level 5, Marina Bay Sands Convention Centre, Singapore

Taxation and Valuation of Intangible Assets:
The Boardroom Considerations

Tues 4 September 2018

Time:  1.00pm - 2.30pm

Venue:  Marina Bay Sands Expo & Convention Centre, Room 5201

By Invitation Only

About the Event

Intangible assets now account for as high as 80 per cent of big enterprises’ value, a four-fold increase from only 20 per cent in the 1970s. Studies have shown that companies investing in intangible assets such as brands, technologies, data, and R&D continually outperformed the S&P 500. Economies around the world have in place various schemes to enhance the growth of intangible assets. A case in point is OECD’s report that tax relief for R&D activities across major economies amounted to over US$60 billion in 2015.

How may innovative enterprises structure their intangible assets more efficiently to capture value and maximise business opportunities?

We invite you to join your fellow CEOs for a business luncheon to exchange views on pertinent boardroom considerations on taxation and valuation of intangible assets.

Organised in conjunction with IP Week @ SG 2018, the second edition of the CEO Luncheon will address taxation and valuation strategies in relation to the management and commercialisation of intangible assets. Find out how to finesse your IP portfolio to capture maximum value, and how your enterprise may benefit from existing IP schemes and incentives.

About the Speakers

Speaker Profiles

Ms. Bin Eng Tan
Partner, ASEAN Business Incentives
Advisory, Tax Services
Ernst & Young Solutions LLP

Bin Eng currently leads the Business Incentives Advisory service and is the tax leader for the government and public sector for EY Asean. The Business Incentives Advisory service provides advisory services across various incentive programmes in ASEAN, including R&D, headquarter, investment and other discretionary incentives. Bin Eng and her team have assisted numerous companies to identify qualifying activities in Singapore and ASEAN (including R&D), prepare incentive applications and liaise government authorities on incentive discussions.

Prior to joining EY, Bin Eng had more than 12 years of experience in the Singapore Civil Service dealing in areas relating to taxation and was a veteran in the area of incentives policy-making within the public sector.

In addition to her significant practical experience in the area of incentives, Bin Eng also has in-depth experience in design and administration of incentive programmes, having previously worked for the Singapore Economic Development Board in the area of tax and financial incentives and the Ministry of Finance on tax-related policy matters.

Bin Eng holds a Bachelor of Science (Honours) degree from the National University of Singapore, majoring in Economics and Statistics.  

Mr. Tay Woon Teck
RSM Corporate Advisory Pte Ltd

Woon Teck is currently Managing Director of our Risk Advisory division. He works closely with Boards and the C-suite in designing a risk management framework that links corporate strategies to risk management activities, corporate governance and internal control activities.

In addition, Woon Teck is concurrently an executive director with our Corporate Advisory division, advising clients on corporate strategies, succession planning, profit improvements and cross-border M&A transactions in the UK, the US, Canada, China and ASEAN countries. His work covers a wide range of industries such as food and beverage, manufacturing, oil and gas, renewable energy, telecommunications, and healthcare.

Currently, Woon Teck serves as a committee member of the Institute of Valuers and Appraisers of Singapore Council, Chartered Management Institute (Singapore), The Society of Modern Management, Australian Institute of Company Directors (Singapore Committee) and Singapore Chung Hwa Medical Institution. He is also Chairman of the Institute of Singapore Chartered Accountants’ (ISCA) Corporate Governance and Risk Management Committee.

Woon Teck was an adjunct faculty member in the Singapore Management University between 2007 and 2016 where he designed and taught the Corporate Advisory Programme for both the Bachelor of Accountancy and Master of Professional Accounting programmes. He was invited as a guest lecturer in the National University of Singapore’s Master of Business Administration and Bachelor of Business Administration programmes to share his practical insights on "Managing Cross-border Investment Risk".

Woon Teck was a member of the corporate finance committee of the Singapore Investment Banking Association, and a member of the task force under the ACE Finance Action Crucible to review the issues of financing for internationalising SMEs. He was also the author of "Financial Handbook for SMEs", a joint publication by SPRING Singapore and the Association of Banks. In 2014, he co-authored a workbook on "Risk Governance for the Third Sector" to guide the Boards of the Third Sector in getting started on implementing eĈective risk governance and internal control practices. He coauthored the "Doing Business in ASEAN" guide jointly published by RSM, Rajah & Tann Asia and United Overseas Bank in 2015 and 2016, as well as the booklet on "Building a Treasury Centre for Sustainable Growth" in 2018.

Woon Teck is a Fellow Chartered Accountant of Singapore, a Fellow of CPA Australia, a Fellow of the Singapore Institute of Directors, a Fellow of the Chartered Management Institute (UK), a member of the Australian Institute of Company Directors, a Chartered Valuer and Appraiser, a Certified Internal Auditor, a qualified CRMA (Certification in Risk Management Assurance), and a member of the Insolvency Practitioners Association of Singapore Limited.