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Singapore and Qatar Sign Agreement To Enhance Tax Cooperation

22 September 2009

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1. Singapore and Qatar 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) today.

2. The signing took place in Singapore between Mrs Eng-Tay Geok Lee, Deputy Commissioner (Business) of the Inland Revenue Authority of Singapore (IRAS), and Mr Moftah Jassim, Director of Public Revenue and Taxes at Qatar's Ministry of Economy and Finance.

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

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