news

Amendment of the Korea-Singapore Tax Treaty

7/30/2013
news

The amended Korea-Singapore Tax Treaty came into force on June 28, 2013. The amended tax treaty may enable the National Tax Service of Korea to receive financial information of the taxpayers suspected of tax evasion from the tax authorities of Singapore. However, in this regard, the government requesting information should prove that the taxpayer evaded taxes.

 

The main revisions are as follows.