A protocol to facilitate the exchange of tax information within the existing double taxation agreement (DTA) between Singapore and Estonia, signed on February 3, 2011, will enter into force on March 30, 2012.
The DTA between Singapore and Estonia was completed on September 18, 2006, and entered into force on December 27, 2007.
The new protocol provides that neither tax authority can refuse to provide information solely because it does not require the information for its own domestic purposes, or because the information is held by a bank or similar institution. It will give the tax authorities of both countries a greater ability to exchange taxpayer information. The new protocol will apply to “taxes of every kind and description” imposed in either country.
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