1 August 2012
The protocol to the avoidance of double taxation (DTAs) agreement between Singapore and Canada will take effect from 31 August 2012.
Signed on 29 November 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 6 March 1976.
The full text of the protocol is available on the IRAS website.
Source: Inland Revenue Authority of Singapore (IRAS)