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.
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
10 December 2019, Singapore and Germany Sign Protocol Amending the Agreement for Avoidance of Double Taxation
17 December 2019, Entry Into Force of Updated Tax Agreement with The Republic of Korea
17 December 2019, Tax Agreement with Tunisia Enters Into Force
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