Singapore has signed two new international agreements making it easier for the country to automatically exchange tax information with other jurisdictions.
Both agreements were signed in the Netherlands by Chia-Tern Huey Min, the deputy commissioner for international, investigation and indirect taxes at the Inland Revenue Authority of Singapore (IRAS).
The agreements are part of global efforts to fight tax evasion and money laundering as well as improving tax transparency.
Singapore's Ministry of Finance (MOF) announced the agreements on its website.
«As a business and financial hub, Singapore has earned a high level of trust and confidence. We take our commitment to international standards on tax cooperation seriously,» said Heng Swee Keat, Minister for Finance, Singapore.
