|
1. The Ministry of Finance (MOF) is seeking comments
and views on the specific provisions in our Avoidance
of Double Taxation Agreements (DTAs) as well as our
DTA network. This is the first of a series of annual
DTA consultation exercises. As part of the exercise,
every year, 10-15 countries (with or without current
DTAs with Singapore) will be selected for the review.
Companies and individual taxpayers with transactions
abroad are invited to contribute comments on the aspects
of our current treaties or DTA network that can be improved
to better meet your needs.
2. For 2004, the following countries have been identified
for review:
3. We also seek your feedback for the upcoming DTA
negotiations that have been arranged for the year. We
currently have upcoming DTA negotiations with Canada,
Ukraine, China
and Thailand1
. This summary
page lists the key DTA provisions for all countries
highlighted above for review and negotiations.
4. In addition, you are invited to provide feedback
on our current DTA network and make representations
on other DTAs which should be initiated or reviewed.
1China and Thailand
have also been identified for the annual review exercise.
5. We seek your full support to ensure that the consultation
exercise is productive and focused. Respondents are
requested to follow these guidelines:
| a. |
Please identify yourself
as well as the organisation you represent (if any)
so that we may follow up to clarify any issues,
if necessary. |
| |
|
| b. |
Make your comments clear
and concise. |
| |
|
| c. |
Please use the prescribed
template provided to help us understand your
feedback better. |
| |
|
| d. |
Your comments should focus
on how specific provisions in the DTAs can be improved
or particular areas that can be included in our
new DTAs. |
| |
|
| e. |
Please explain your points
with illustrations, examples, or data as far as
possible. |
6. Our ability to pursue negotiations with the identified
countries based on the public comments received will
depend on the negotiation schedule and interests of
the other country. As the final terms agreed result
from the outcome of negotiations, we seek your understanding
that some feedback received may not be reflected in
the negotiated treaties.
7. The public consultation on DTAs will be held from
1 July 2004 to 31 July 2004. Comments sent after
31 July 2004 will not be considered.
8. Please send us your comments, using the prescribed
template, by:
| a. |
email to pc_dta@mof.gov.sg
or |
| |
|
| b. |
fax to 6337 4134; or |
| |
|
| c. |
| post
to: |
DTA Consultation
Ministry of Finance
100 High Street, #10-01
The Treasury
Singapore 179434 |
|
We particularly encourage comments through email as
they will reach us faster and speed up the process of
consideration.
11. For your convenience, the relevant information
and documents relating to this public consultation exercise
can be found through the links below.
|
