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 December 2019, the amendments made by the MLI to Singapore’s Avoidance of Double Taxation Agreement (DTA) with Canada and Ukraine took effect.
These amendments are via the following Orders:
- Income Tax (Singapore — Canada) (Avoidance of Double Taxation Agreement) (Modifications to Implement Multilateral Instrument) Order 2019
- Income Tax (Singapore — Ukraine) (Avoidance of Double Taxation Agreement) (Modifications to Implement Multilateral Instrument) Order 2019
Source: IRAS website, 1 December 2019