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Singapore

Asia-Pacific

Singapore and UK tax authorities agree to automatic exchange of financial account information

September 20, 2016

The Inland Revenue Authority of Singapore has announced that Singapore and the United Kingdom have signed a competent authority agreement establishing . . .

Asia-Pacific

Singapore, Australia sign agreement to share information to combat tax evasion

September 7, 2016

Singapore and Australia’s tax offices have signed an agreement to share data in an effort to crack down on tax evasion, the Australian tax authority. . .

Asia-Pacific

Multilateral tax treaty enters into force in Singapore affecting 14 bilateral treaties

April 1, 2019

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) entered . . .

Africa

Twenty nations’ tax laws may aid multinational profit shifting, OECD report says

October 17, 2017

Twenty countries have tax laws that may be considered harmful preferential regimes, facilitating tax avoidance by multinationals and reducing the tax base of other countries, an OECD report released Monday revealed. The review, conducted by the OECD Forum on Harmful Tax Practices (FHTP), assessed countries’ tax laws against . . . .

Asia-Pacific

New Singapore-France tax treaty enters into force

June 1, 2016

A revised tax treaty between Singapore and France entered into force on June 1, the Inland Revenue Authority . . .

Africa

Turkey’s IP tax regime is harmful; new Singapore, Luxembourg, Lithuania, Slovakia laws meet standards, OECD report concludes

May 20, 2018

Turkey’s technology development zone tax regime is harmful to the tax base of other countries while new Singapore, Luxembourg, Lithuania, and Slovakia tax laws favoring intellectual property (IP) are not, a May 17 report prepared by the OECD Forum on Harmful . . .

Americas

Swiss advance information exchange for tax purposes with Singapore, Hong Kong, other financial centres

May 11, 2018

Davide Anghileri of the University of Lausanne discusses the Swiss government’s progress advancing exchange of financial account information for tax purposes with Singapore, Hong Kong, and several countries, including Bahamas and Bahrain, that apply automatic exchange in a non-reciprocal manner . . .

Asia-Pacific

Singapore budget 2017 includes new IP regime, other tax changes

February 24, 2017

Davide Anghileri of the University of Lausanne provides an overview of the tax proposals of interest to multinationals in Singapore’s budget, presented to parliament on February 20, . . .

Asia-Pacific

Indian tax tribunal adopts expansive view of permanent establishment in Mastercard ruling

June 19, 2018

India’s tax authority has won a sweeping victory before India’s Authority for Advance Rulings, convincing the tribunal on 6 June that Mastercard’s activities in India created a permanent establishment in India under several different theories, write Nishith Desai Associates attorneys Shipra Padhi and Anandapadmanabhan Unnikrishnan . . . .

Asia-Pacific

Hong Kong, Switzerland agree to automatic exchange of information on taxes

October 13, 2017

Hong Kong and Switzerland today signed an agreement for automatic exchange of financial account information in tax matters (AEOI). The agreement would commence in 2018 and the first exchange of data between tax authorities would . . .

Asia-Pacific

India, Singapore sign tax treaty protocol: Central Board of Direct Taxes→

January 5, 2017

See: Release. The protocol will be analyzed in detail in a future MNE Tax article.

Americas

Indonesia claims Google owes $400 million in 2015 in taxes, fines, for profits wrongly booked in Singapore: Gayatri Suroyo & Eveline Danubrata / Reuters→

September 19, 2016

See: Reuters.

Asia-Pacific

Singapore releases country-by-country reporting guide for large MNEs

August 8, 2018

Singapore’s Inland Revenue Department on August 7 released the third edition of . . .

Asia-Pacific

Singapore-Ireland tax treaty MLI amendments enter into effect

May 2, 2019

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

Asia-Pacific

Singapore, Finland agree to automatic exchange of financial account information for tax purposes

November 26, 2016

Singapore and Finland on November 22 signed an agreement committing to begin automatic exchange of financial . . .

Americas

Australia may exercise transfer pricing reconstruction power, will change approach to allocation of risk, official says

August 22, 2018

The Australian Taxation Office has not yet used its sweeping power to reconstruct transactions for transfer pricing purposes; however, that may soon change, Australian Deputy Commissioner Mark Konza said at the Tax Institute’s 2018 National Transfer . . .

No Picture
Asia-Pacific

Switzerland, Singapore sign agreement for automatic exchange of tax information

July 17, 2017

The governments of Switzerland and Singapore today signed an agreement providing for the automatic exchange of information between tax authorities. Under the agreement, Switzerland will automatically exchange with the Singapore financial . . .

Asia-Pacific

Duff & Phelps acquires Quantera Global Asia

May 16, 2017

Duff & Phelps, a global valuation and corporate finance advisor firm, announced May 16 that it has acquired Quantera Global Asia Holding, a transfer pricing . . .

No Picture
Africa

Switzerland consults on introducing automatic exchange of tax information with 22 countries

December 1, 2016

The Swiss government has today announced a consultation on commencing automatic exchange of information in tax matters with 22 countries, writes Davide Anghileri, a lecturer at the University of Lausanne . . .

Americas

US and Singapore aim to sign TIEA and reciprocal FATCA IGA by year end

August 3, 2016

In a joint statement issued after their August 2 meeting, US President Barack Obama and Singapore Prime Minister Lee Hsien Loong pledged to negotiate and sign by the end of 2016 a tax information exchange agreement (TIEA) and a FATCA intergovernmental agreement (IGA ) that provides . . .

Asia-Pacific

Singapore provides new guide for business on income tax treatment of foreign exchange gains or losses: Inland Revenue Authority of Singapore→

March 14, 2019
Asia-Pacific

Singapore allows cost-plus mark-up basis for routine services: KPMG→

May 11, 2017
Asia-Pacific

Updated Singapore transfer pricing guidance allows simplified method for related party loans

January 12, 2017

Singapore’s Inland Revenue Authority (IRAS) on January 12 published the fourth edition of its e-Tax Guide on transfer pricing. The new guidance includes a discussion . . .

Asia-Pacific

Tan Ching Yee appointed as board chairman of Singapore’s tax agency

April 29, 2016

Tan Ching Yee has been appointed Chairman of the Board of the Inland Revenue Authority of Singapore (IRAS), Singapore’s Ministry . . .

Asia-Pacific

Singapore court rejects challenge to information exchange under tax treaty: IRAS→

May 16, 2018
Africa

Singapore, Ghana sign tax treaty

April 5, 2017

Singapore and Ghana have signed tax treaty, the Inland Revenue Authority of . . .

Asia-Pacific

Singapore and Cambodia sign tax treaty, text available

May 31, 2016

Singapore and Cambodia have signed a tax treaty, the Inland Revenue Authority of Singapore has . . .

Asia-Pacific

Singapore describes how the MLI affects 14 of its bilateral tax treaties

April 5, 2019

The Inland Revenue Authority of Singapore (IRAs) has provided information about how . . .

Asia-Pacific

Singapore, Denmark sign tax information exchange agreement

March 15, 2017

Singapore and Denmark signed an agreement for the automatic exchange of financial account information on . . .

Asia-Pacific

Singapore-India protocol modifying capital gains taxation enters into force

March 1, 2017

A protocol to the Singapore-India tax treaty entered into force on February 27, Singapore’s Inland Revenue Authority has announced. One aim of the . . .

Asia-Pacific

Singapore publishes guide on tax treaty interpretation, dispute resolution

October 19, 2017

The Inland Revenue Authority of Singapore on October 11 published a tax guide addressing the interpretation and application of common provisions in Singapore tax treaties. The guide discusses . . .

ASEAN

Southeast Asian nations must cooperate to halt tax competition, avoidance, IMF official says

July 13, 2017

Governments must work together on a regional basis to fight the harmful effects of tax competition and address multinational tax avoidance through devices such indirect transfers of assets, IMF Deputy Managing Director Mitsuhiro Furusawa said . . .

Africa

Report compares 12 countries’ tax rules for holding companies: Loyens & Loeff→

April 14, 2017
Americas

Singapore, Uruguay tax treaty to enter into force

March 1, 2017

Singapore’s Inland Revenue Authority (IRAS) has announced that a new treaty signed with Uruguay will enter into force on March 14. The tax treaty, signed January 15, 2015, clarifies . . . 

Asia-Pacific

Singapore agrees to automatic exchange of tax information with Belgium and Luxembourg

March 14, 2017

Singapore has signed agreements with Belgium and Luxembourg for the automatic exchange of financial account information, the Inland Revenue Authority of Singapore (IRAS) announced . . .

Africa

Singapore-South Africa tax treaty enters into force

December 22, 2016

A new Singapore-South Africa tax treaty entered into force on December 16, Singapore’s Ministry of Finance . . .

Africa

Singapore and Ethiopia sign tax treaty, text available

August 24, 2016

Singapore and Ethiopia signed a tax treaty on August 24, Singapore’s Inland . . .

Africa

Singapore, Nigeria income tax treaty enters into force 

August 3, 2018

The Inland Revenue Authority of Singapore has today announced that a comprehensive tax treaty signed between Singapore and Nigeria has been ratified . . .

Asia-Pacific

Singapore issues country-by-country reporting guide assist MNEs

October 12, 2016

Singapore’s tax authority has prepared a tax guide addressing how large multinationals can fulfill the obligation to prepare and submit country-by-county reports . . .

Posts navigation

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RECENT COMMENTS
  • 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
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Latest

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Recent Comments

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  • 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

R&D Tax Credit News

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Accounting & Reporting News

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    April 13, 2022
  • US Senate Finance Committee Chair Ron Wyden requests pharmaceutical company Merck explain its tax accounting practices, as it reports just 14% of pretax income in the US despite US market being home to 46% of global sales: Ron Weyden / US Senate Committee on Finance→
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    March 29, 2022
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Transfer Pricing News

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US tax focus

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