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1. The Ministry of Finance
(MOF) invited comments and
views on Singapore's Avoidance
of Double Taxation Agreements
(DTAs) in conjunction with
its annual review of DTA policies.
2. DTAs, or tax treaties,
are part of the basic infrastructure
of the global marketplace.
Tax treaties set out clear
ground rules that will govern
tax matters relating to trade
and investment between two
countries. With these clear
rules, tax treaties protect
taxpayers from potential double
taxation, and in doing so,
allow international trade
and investment to flourish.
3. Singapore currently
has a network of 51 comprehensive
and 7 limited bilateral income
tax treaties. The network
covers the majority of Singapore's
current trading partners.
However, as the business environment
and countries' tax laws are
constantly changing, our DTA
network requires constant
updating to serve its purpose.
4. The Ministry of Finance
is in the midst of prioritising
its tax treaty negotiations
programme for the coming year.
MOF invited the public to
give feedback on how Singapore's
current network of tax treaties
can be improved and on the
countries which Singapore
should be initiating tax treaty
negotiations with.
5. The public consultation
was held from 15 Apr 2006 to
31
May 2006. We are sorry that
comments after the deadline
will not be considered.
6. For your convenience,
the relevant information relating
to this public consultation
exercise can be found through
the link below.
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