Tax Bulletin

Singapore joins the Inclusive Framework for Implementing Measures against Base Erosion and Profit Shifting (“BEPS”)

On 16 June 2016, the Singapore’s Ministry of Finance (“MoF”) announced that “Singapore joins the Inclusive Framework for Implementing Measures against Base Erosion and Profit Shifting (“BEPS”)”.

This announcement should not come as a surprise to many as Singapore has consistently expressed support for the key principle underlying the Organisation for Economic Co-operation and Development (“OECD’s”) BEPS Project, which is profits should be taxed where the real economic activities generating the profits are performed and where value is created. The announcement however marks an important signal to all that Singapore is “at the table” to ensure the consistent implementation of measures under the BEPS Project and a level playing field across jurisdictions.

Tax Bulletin

Singapore becomes BEPS Associate! What does this mean for you?

OECD BEPS Project Special Newsletter