Singapore Ratifies the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Sharing
21 Dec 2018
On 21 December 2018, Singapore deposited the
Instrument of Ratification for the Multilateral Convention to Implement Tax Treaty
Related Measures to Prevent Base Erosion and Profit Shifting (“the Multilateral
Instrument”). The Multilateral Instrument, signed by Singapore on 7 June 2017,
will enter into force for Singapore on 1 April 2019.
Singapore is committed to the Base Erosion and
Profit Shifting (BEPS) project and does not condone abuse of Avoidance of
Double Taxation Agreements (DTAs). Ratifying the Multilateral Instrument is an
important step in protecting our treaty network against BEPS activities.
The Inland Revenue Authority of Singapore will clarify
on its website how each relevant DTA will be amended by the Multilateral
Instrument.
Note:
- For more information on Singapore’s signature of the
Multilateral Instrument, please refer to our press release issued on 7 June 2017 :
Singapore to sign the Multilateral Convention to Implement Tax Treaty Related
Measures to Prevent Base Erosion and Profit Shifting.
For more details on the Multilateral Instrument, please
refer to the Inland
Revenue Authority of Singapore’s website .
MINISTRY OF FINANCE