About the Forum on Harmful Tax Practices
Ministry of Finance
16 October 2017
 In June 2016, Singapore joined the Inclusive Framework for the global implementation of the BEPS project. With this joining, Singapore committed to implementing the four internationally-agreed standards under the BEPS project, namely the standards on countering harmful tax practices, preventing treaty abuse, country-by-country reporting and enhancing dispute resolution.
 Criteria used to assess if a tax incentive is harmful includes consideration whether the regime is ring-fenced from the domestic economy, lacks transparency, lacks effective exchange of information, or lacks economic substance.
Singapore’s key tax incentives that have been reviewed by the Forum on Harmful Tax Practices
For more information on the Base Erosion and Profit Shifting (BEPS) project and the BEPS Inclusive Framework, please see:
For more information on the Forum on Harmful Tax Practices, please see: