Singapore: Budget for 2017 released
The government of Singapore released Budget 2017 on 20 February 2017, for the financial year 1 April 2017 to 31 March 2018. The Budget bill raised the existing corporate income tax (CIT) rebate cap from SGD 20,000 to SGD 25,000 for the assessment
See MoreLatvia: Government sign a Protocol to amend the double tax agreement
The government signed a Protocol amending the Agreement for the Avoidance of Double Taxation with Singapore on 20 April 2017. The signing took place in Washington D.C. between Senior Minister of State for Finance and Law, Ms Indranee Rajah, and
See MoreSingapore signs new Double Tax Treaty with Ghana
Singapore and Ghana signed a double tax agreement on 31 March 2017. The treaty provides clarification to the taxing rights of both countries on all types of income flows arising from cross-border business activities, and provides provision to
See MoreSingapore, Luxembourg Competent authority agreement on automatic exchange of information signed
The Competent Authority Agreement on Automatic Exchange of Information (2016) between Singapore and Luxembourg was signed on 10 March 2017. The agreement provides details of what types information will be exchanged and when, in accordance with OECD
See MoreSingapore, Denmark Competent authority agreement on automatic exchange of information signed
The Competent Authority Agreement on Automatic Exchange of Information (2016) between Singapore and Denmark was signed on 13 March 2017. The agreement provides details of what types information will be exchanged and when, in accordance with OECD
See MoreSingapore, Belgium Competent authority agreement on automatic exchange of information signed
The Competent Authority Agreement on Automatic Exchange of Information (2017) between Singapore and Belgium was signed on 10 March 2017. The agreement provides details of what types information will be exchanged and when, in accordance with OECD
See MoreProtocol to Income Tax Treaty between Singapore and India enters into force
The third protocol amending the India-Singapore Income Tax Treaty of 1994 (as previously amended by the 2005 and 2011 protocols) entered into force on 27 February 2017. The protocol is applicable from 1 April
See MoreCanada, Singapore Competent authority agreement on automatic exchange of information enters into force
The Competent Authority Agreement on Automatic Exchange of Information (2016) between Canada and Singapore entered into force on 27 February 2017. The agreement is expected to make sure Canada and Singapore will be able to begin from 2018, the
See MoreKorea (Rep.), Singapore Competent authority agreement on automatic exchange of information enters into force
The Competent Authority Agreement on Automatic Exchange of Information (2016) between Korea (Rep.) and Singapore entered into force on 27 February 2017. The agreement is expected to make sure Korea (Rep.) and Singapore will be able to begin from
See MoreSingapore: Competent authority agreement on automatic exchange of information with Australia enters into force
The Competent Authority Agreements (CAA) agreements to exchange financial information for tax purposes under the Common Reporting Standard between Singapore and Australia entered into force on 27 February 2017. According to the agreement, the Inland
See MoreSingapore: Competent authority agreement on automatic exchange of information with Latvia enters into force
The Competent Authority Agreements (CAA) agreements to exchange financial information for tax purposes under the Common Reporting Standard between Singapore and Latvia entered into force on 27 February 2017. According to the agreement, the Inland
See MoreMalta, Singapore TIEA enters into force
On 31 January 2017, the Tax Information Exchange Agreement (TIEA) between Singapore and Malta was entered into force. This Agreement provides for the effective exchange of information regarding tax matters between the tax authorities including
See MoreSingapore, UK TIEA enters into force
On 31 January 2017, the Tax Information Exchange Agreement (TIEA) between Singapore and United Kingdom was entered into force. This Agreement provides for the effective exchange of information regarding tax matters between the tax authorities
See MoreSingapore, Ireland TIEA enters into force
On 31 January 2017, the Tax Information Exchange Agreement (TIEA) between Singapore and Ireland was entered into force. This Agreement provides for the effective exchange of information regarding tax matters between the tax authorities including
See MoreTIEA between Singapore and Netherlands enters into force
Competent authority agreement on automatic exchange of information (TIEA) of 2016 between Netherlands and Singapore has been entered into force on 31st January 2017 regarding tax. The agreement is intended to ensure that Netherlands and Singapore
See MoreTIEA between Singapore and Iceland enters into force
Competent authority agreement on automatic exchange of information (TIEA) of 2016 between Iceland - Singapore has been entered into force on 31st January 2017 regarding tax. The agreement is intended to ensure that Iceland and Singapore will be able
See MoreTIEA between Singapore and Norway enters into force
Competent authority agreement on automatic exchange of information (TIEA) of 2016 between Norway and Singapore has been entered into force on 31st January 2017 regarding tax. The agreement is intended to ensure that Norway and Singapore will be able
See MoreSingapore: IRS publishes Transfer pricing guidelines 2017
The Inland Revenue Authority of Singapore published the 4th version of transfer pricing guidelines on 12 January 2017, demonstrating compliance with international transfer pricing standards. The published guidelines explicitly refer to the Base
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