On 21 December 2018, Singapore deposited its instrument of ratification of the Multilateral Agreement for the Implementation of Measures relating to the Prevention of Erosion and Profit Shifting (MLI). As of 21 December 2018, a total of 18 countries have deposited their instruments of ratification for the MLI. The MLI will enter into force on 1 April 2019 for Singapore.
An existing tax treaty of Singapore will be amended by the MLI only if both Singapore and the treaty partner have identified their income tax treaty as a covered tax agreement (CTA) and after both countries have ratified the MLI. On the date of ratification, Singapore notified that it intends for the MLI to apply to its existing 86 income tax treaties.
