Singapore has participated in the negotiation of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”). The MLI is intended to allow jurisdictions to swiftly amend their tax treaties to implement the tax treaty related Base Erosion and Profit Shifting (BEPS) recommendations.
On or about 1 September 2019, the amendments made by the MLI to Singapore’s Avoidance of Double Taxation Agreement (DTA) with United Arab Emirates.
The Income Tax (Singapore – United Arab Emirates) (Avoidance of Double Taxation Agreement) (Modifications to Implement Multilateral Instrument) Order 2019, which has entered into force on 1 September 2019, implements the applicable provisions of the MLI to the articles of this Agreement.
Source: IRAS website, 1 September 2019