MOF Invites Views On DTAs13 Apr 2006
The Ministry of Finance (MOF) invites members of the public to give their views on Singapore's Avoidance of Double Taxation Agreements (DTAs).
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 prioritizing its tax treaty negotiations programme for the coming year. MOF invites 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 treaty negotiations with. Respondents are requested to provide their comments by completing a questionnaire on MOF's website.
5. Further details on the consultation exercise can be found at http://www.feedback.gov.sg as well as at MOF's website.
MINISTRY OF FINANCE