28 May 2012

Singapore and Portugal signed a protocol to incorporate the internationally agreed Standard for the exchange of information for tax purposes, upon request, in their existing bilateral Agreement for the Avoidance of Double Taxation (DTA).

The protocol will enter into force after its ratification by both countries, and therefore does not have the force of law as yet.

Source: This article was extracted from the Inland Revenue Authority of Singapore (IRAS) website. Visit www.iras.gov.sg for more information.