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What is Singapore’s international tax policy 

Singapore’s international tax policy is aimed at strengthening trade and investment flows, supporting Singapore-based businesses in their expansion overseas and supporting Singapore-based professionals to reach a wider pool of international clients.

As a responsible international tax jurisdiction, Singapore also has in place an active policy of international tax co-operation to prevent and tackle cross border tax evasion and profit shifting. Singapore’s international tax policy is conducted primarily through aspects of domestic law governing international taxation, avoidance of double taxation agreements and other agreements providing for international tax cooperation.

Tax treaties (DTAs) play a critical role in Singapore international tax policy

Singapore has an extensive network of DTAs with almost a hundred different countries. 

A DTA is a bilateral agreement which provides clarity on the taxing rights of each contracting jurisdiction on all forms of bilateral income flows. The DTA also seeks to eliminate instances of double taxation which can arise from cross-border trade and investment activities. Usually, there would be provisions in the DTA for the reduction or exemption of tax at source on certain types of cross-border incomes such as interest and royalties. Generally it means if taxes are already paid in one jurisdiction and repatriated to the other contracting jurisdiction then there would be reduced or zero tax levied on such income.

International tax co-operation is diligently enacted by Singapore

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