Singapore–MNE Tax

Africa

OECD publishes details on 40 countries’ uptake of transfer pricing rules for hard-to-value intangibles

December 16, 2020

The OECD today published 40 responses to a questionnaire that asked officials whether their country has adopted transfer pricing rules for . . .

Asia-Pacific

Singapore updates guidance on law providing for nontaxation of gain on disposal of equity investments through 2027: Inland Revenue Authority of Singapore→

December 14, 2020

Asia-Pacific

OECD releases report assessing tax dispute resolution in Czech Republic, Denmark, Finland, Korea, Norway, Poland, Singapore, Spain

October 22, 2020

The OECD today released stage 2 peer review reports that assess compliance with global minimum standards on cross-border tax dispute resolution . . .

Asia-Pacific

Singapore, Kazakhstan tax treaty gazetted: Government of Singapore→

October 2, 2020

Asia-Pacific

Singapore advance ruling addresses tax issues relating to foreign partnership: Inland Revenue Authority of Singapore→

September 4, 2020

Asia-Pacific

Singapore summarizes advance ruling on tax treatment of distributions from subordinated perpetual securities: Inland Revenue Authority of Singapore→

September 4, 2020

Asia-Pacific

Singapore proposes to strengthen GAAR, introduce tax avoidance surcharge

August 19, 2020

Eugene Lim and Janus Lim, Taxise Asia LLC (WTS Global member), discuss a Singapore government proposal that would reinforce and clarify the general anti-avoidance rule (GAAR) regime and introduce a new surcharge on tax avoidance . . .

Asia-Pacific

Trump trade adviser Peter Navarro says tax incentives in Ireland, Singapore, Switzerland, India, China that lure pharmaceutical manufacturing away from US are a “significant” problem: Brian O’Donovan / RTÉ→

August 10, 2020

Asia-Pacific

Synthesized text of Ireland-Singapore tax treaty as amended by MLI released: Irish Revenue→

April 29, 2020

Asia-Pacific

Australian Taxation Office assesses Rio Tinto AUD $86.1m (USD 53.6m) for 2010–2016 alleging it sold underpriced aluminum to Singapore marketing hub: Peter Ker / Financial Review→

April 8, 2020

Asia-Pacific

Singapore Budget 2020 extends and enhances business tax breaks

February 24, 2020

Eugene Lim, Sam Sim, and James Yeo of Taxise Asia LLC (member of WTS Global), Singapore, discuss Singapore’s Budget 2020, released February 18, which includes tax incentives and other tax provisions of interest to foreign investors . . .

Cyprus

Cyprus, Saudi Arabia deposit MLI ratification documents, North Macedonia signs

January 29, 2020

Cyprus and Saudi Arabia have deposited legal instruments with the OECD ratifying a multilateral tax treaty known . . .

Asia-Pacific

Heineken’s Singapore sub pays additional Vietnam tax of VND 917.2 b (USD 39.7 m) for transfer of stake in Vietnam sub to Vietnam sub, tax treaty inapplicable as assets comprised of 50 percent real estate: Nguyen Ha / VnExpress International→

January 13, 2020

Africa

Shell publishes country-by-country tax report

December 22, 2019

Oil giant Royal Dutch Shell on December 17 published its country-by-country report data for 2018 on the internet, providing . . .

Africa

Singapore, Tunisia tax treaty enters into force

December 17, 2019

The government of Singapore has announced that . . .

Asia-Pacific

Singapore issues new GST guide for e-commerce: Inland Revenue Authority of Singapore→

November 22, 2019

Asia-Pacific

BHP settles longstanding transfer pricing dispute with Australian Tax Office over Singapore marketing hub: BHP→

November 21, 2019

Americas

US, Singapore negotiating exchange of country-by-country reporting data

November 4, 2019

The US Treasury on October 31 announced that the US and Singapore are . . .

Asia-Pacific

Singapore, UAE tax treaty amended by multilateral instrument

September 3, 2019

The Inland Revenue Authority of Singapore has announced that amendments . . .

Asia-Pacific

Singapore, Turkmenistan sign comprehensive tax treaty

August 28, 2019

Singapore today signed a tax treaty with Turkmenistan, the Inland Revenue Authority . . .

Asia-Pacific

Singapore tax authority publishes etax guide titled “GST: Taxing imported services by way of an overseas vendor registration regime”: Inland Revenue Authority of Singapore→

August 26, 2019

Asia-Pacific

Singapore, Ukraine tax treaty protocol signed to upgrade information sharing

August 20, 2019

Singapore and Ukraine have signed a tax treaty protocol amending their . . .

Asia-Pacific

MLI amendments to Singapore-Luxembourg tax treaty enter into effect

August 2, 2019

The government of Singapore has announced that amendments made to the Singapore-Luxembourg tax treaty as . . .

Armenia

Singapore, Armenia sign tax treaty

July 8, 2019

Vietnam’s Ministry of Finance today announced . . .

Asia-Pacific

Singapore’s tax treaties with Netherlands and Georgia amended

July 1, 2019

The Inland Revenue Authority of Singapore has announced that amendments . . .

Americas

Uber generated $6.1 b Dutch tax deduction by transferring IP with increased value from a Bermuda sub to Dutch sub controlled by Singapore company: Lynnley Browning & Eric Newcomer / Bloomberg→

August 12, 2019

Asia-Pacific

Singapore tax guide addresses transfer pricing for commodity marketing, trading

May 28, 2019

Singapore’s Inland Revenue Service on May 24 released a new E-Tax guide aimed at helping . . .

Africa

Switzerland to exchange financial account information with 33 more countries for tax purposes

August 15, 2019

Davide Anghileri of the University of Lausanne discusses an August 14 decision of Switzerland’s Federal Council confirming that Switzerland will exchange financial account information with 33 more reviewed partner countries . . .

Asia-Pacific

Singapore’s tax treaties with Finland and Guernsey amended by MLI

June 3, 2019

The Inland Revenue Authority of Singapore (IRAS) has announced that amendments to . . .

Africa

Singapore, Korea sign tax updated treaty lowering withholding tax rates

May 13, 2019

The governments of Singapore and South Korea today signed . . .

Asia-Pacific

BHP settles dispute with Western Australia over taxation of royalties on iron ore sold though Singapore hub: Reuters→

July 1, 2019

Asia-Pacific

Synthesized text of Australia-Singapore tax treaty published: Australian Taxation Office→

May 25, 2019

Asia-Pacific

Singapore tax officials again consider making private tax rulings public

March 19, 2018

The Inland Revenue Service of Singapore today announced it is seeking public feedback on whether advance tax rulings should be made public while protecting . . .

Asia-Pacific

Dyson to move its headquarters from UK to Singapore, claims tax reduction will be “negligible”: Michael Pooler & Jim Pickard / Financial Times→

January 22, 2019

Africa

IMF paper concludes African countries worse off for signing tax treaties with “investment hubs” like Mauritius

October 26, 2018

African countries that signed tax treaties with Mauritius and other nations considered to be “investment hubs” did . . .

Americas

Brazil removes Costa Rica, Madeira, Singapore from tax haven list, but adds regimes to “privileged”list: KPMG→

January 17, 2018

Asia-Pacific

Singapore appoints new Inland Revenue Authority board

September 7, 2016

Singapore has announced the make up of the members of the Board of Inland Revenue Authority of Singapore (IRAS), effective . . .

Africa

Singapore and Gabon sign tax treaty

August 29, 2018

The governments of Singapore and Gabon on August 28 signed a comprehensive tax treaty, the Inland Revenue . . .

Asia-Pacific

Singapore, Latvia sign tax treaty protocol

April 25, 2017

Singapore and Latvia have signed a protocol to amend their tax treaty, Singapore’s Inland Revenue Service has announced. The new agreement . . .

Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024

Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024

David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023

Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023

Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

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