International Tax

Singapore continuously reviews its international tax policy to ensure its economy remains a sustainable and attractive destination for businesses. Given its small domestic market, Singapore needs to support its home-grown businesses with relevant tools to venture into the larger international market. This enables Singapore-based businesses to expand overseas and reach out to a wider pool of international customers.

As a responsible international tax jurisdiction, Singapore also has in place an active policy of international tax co-operation to prevent and tackle cross border tax evasion.

Singapore’s international tax policy is conducted primarily through aspects of domestic law governing international taxation, avoidance of double taxation agreements and other agreements providing for international tax cooperation.

Recent Developments:

16 Nov 2018, Singapore and The United States of America Signed Agreements for Exchange of Information

12 Apr 2019, Tax Agreement With Ghana Enters Into Force

13 May 2019, Singapore and Korea Sign An Updated Avoidance Of Double Taxation Agreement

30 May 2019, Singapore and The Hellenic Republic Sign Agreement for Avoidance of Double Taxation

8 July 2019, Singapore and Armenia Sign Agreement for Avoidance of Double Taxation 

View past updates here.