1 March 2012
The protocol to the avoidance of double taxation (DTAs) agreement between Singapore with Estonia will come into force on 30 March 2012.
Signed on 3 February 2011, the protocol will allow the tax authorities of both countries to exchange information that is foreseeably relevant to the correct application of a tax convention as well as for purposes of the administration and enforcement of domestic tax laws of the contracting states. A state cannot refuse a request for information solely because it has no domestic tax interest in the information or solely because it is held by a bank or other financial institution.
The original bilateral agreement was concluded on 18 September 2006.
For the full text of the protocol, please click here.
Source: This article was extracted from the Inland Revenue Authority of Singapore (IRAS) website. Visit www.iras.gov.sg for more information.