Charles Monat Associates: Singapore signs up to more information exchange






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	Tuesday, July 21, 2009 Singapore signs up to more information exchange Singapore has announced its second tax information agreement in a week. The protocol with Belgium, signed yesterday, follows the announcement on Tuesday that the government will sign an agreement to share information with France before the end of the year. Under the new agreement, Singapore and Belgium will exchange information for tax matters on request, including information that may be held by a bank or trust company. Singapore remains on the OECD's grey list of jurisdictions that have committed to the internationally agreed tax standard, but have not yet substantially implemented it. The government will need to sign 12 information exchange agreements before it makes the Organisation's white list. The agreement with Belgium is Singapore's first TIEA. Read more... posted by Charles Monat Associates at 9:09 AM 0 Comments: Post a Comment « Home
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