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Singapore And Austria Sign Agreement To Enhance Tax Cooperation

15 September 2009

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1. Singapore and Austria signed a protocol amending their standing Agreement for the avoidance of double taxation (DTA) today.

2. Mr Peter Ong, Second Permanent Secretary (Finance), signed the protocol with Austria's Ambassador to Singapore, His Excellency Dr Klaus Wolfer, in Singapore.

3. The full text of the protocol will be made available on the Inland Revenue Authority of Singapore's (IRAS) website at http://www.iras.gov.sg. The protocol will enter into force after Singapore's legislative amendments to give effect to the internationally agreed Standard have been approved by Parliament and gazetted into law, and the ratification procedures have been completed by both countries.

MINISTRY OF FINANCE

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