- On 10 June 2022, the competent authorities of the Republic of Singapore and of Japan signed a competent authority arrangement (“CAA”) to establish the mode of application of the arbitration proceedings provided for in Part VI (Arbitration) of the MLI.
- The arbitration provisions allow taxpayers to request for issues arising from a Mutual Agreement Procedure case which remained unresolved after a two-year time period to be submitted to an arbitration panel for resolution.
- The full text of the CAA is published as Annex B to the Singapore-Japan DTA which is available on the Inland Revenue Authority of Singapore’s website here.
INLAND REVENUE AUTHORITY OF SINGAPORE
16 June 2022