ASIA REGULATORY ROUND UP – SINGAPORE TO REVIEW DOUBLE TAXATION AGREEMENTS FOR TAX EVASION LOOPHOLES
June 1st, 2017
Singapore will review its 80 bilateral agreements on avoiding double taxation to ensure they do not help companies avoid paying tax where relevant business activity took place. This follows its signing the Organisation for Economic Cooperation & Development (OECD)-sponsored Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting. The ministry of finance said it would ensure double taxation deals did not aid non-taxation or reduced taxation through tax evasion or ...
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