The Ministry of Finance reported that Singapore and Qatar today 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”).
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.
On September 18 Signapore and Norway signed a protocol amending their standing Agreement for the avoidance of double taxation (“DTA”). Mr Peter Ong, Second Permanent Secretary (Finance), signed the protocol with Norway’s Ambassador to Singapore, Her Excellency Janne Julsrud, in Singapore.
Both protocols 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 all countries involved.