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Singapore and Bahrain Enhance Tax Cooperation

14 October 2009

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1.       Singapore and Bahrain signed a protocol to incorporate the new internationally agreed Standard for the exchange of information upon request for tax purposes in their standing Agreement for the avoidance of double taxation ("DTA") on 14 October 2009.

2.       Mr. Moses Lee, Commissioner of Inland Revenue, signed the protocol with His Excellency Shaikh Ahmed bin Mohammed Al Khalifa, Bahrain’s Minister of Finance, in Manama.

3.       The full text of the protocol will be made available on the 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
14 OCTOBER 2009

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