Worldwide:
Netherlands Enters Into Agreement With Singapore On The Application Of The Mutual Agreement Procedure Under The Multilateral Instrument
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On January 12, 2024 (published on January 30,
2024), the Netherlands entered into an agreement with Singapore on
the application of the Mutual Agreement Procedure (MAP) under the
Multilateral Instrument (MLI).
The agreementimplements the MAP of Article 26
of the MLI-covered tax treaty between the Netherlands and Singapore
and Articles 16 and 19 (10) MLI. With respect to the application of
the MAP, Singapore does make a reservation in the agreement with
respect to national anti-abuse rules contained in domestic laws,
regulations, case law and doctrine. The competent authorities may
modify or supplement this Agreement by an exchange of letters
between them.
The agreement is retroactive to January 1,
2020, being the date on which the MLI-covered tax treaty between
the Netherlands and Singapore entered into force.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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