Singapore-Ireland tax treaty MLI amendments enter into effect

The Singapore government has announced that amendments made to the Singapore-Ireland tax treaty as a result of the two countries’ ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) entered into effect on May 1.

The effects of the MLI on the Singapore-Ireland tax treaty are set out in an Annex to the treaty published by the Singapore government.

The MLI is a multilateral treaty designed to stop tax avoidance techniques used by multinational groups and to help speed cross-border tax dispute resolution.