Singapore – Malaysia MLI amendments came into force on June 01, 2021

Singapore – Malaysia MLI amendments came into force on June 01, 2021

The Inland Revenue Authority of Singapore (IRAS) informed on their Multilateral Instrument (MLI) web-site that the MLI amendments made to the existing Double Tax Treaty (DTA) with Malaysia became effective on June 01, 2021.

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”) enables participating jurisdictions to swiftly implement a series of tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises (Source OECD).

The measures to be implemented are designed to put an end to tax treaty abuse based on treaty shopping in accordance with the OECD BEPS action plan.

AFS is specialised to advise on cross-border investments to safeguard investors tax compliance under unilateral tax measures and bilateral tax agreements and investment treaties. 

Based on our depth of experience, we can assist you in establishing policies, procedures and training materials to ensure that you will be compliant with a multitude of tax transparency measures.

Please visit our LinkedIn page at LinkedIn Page and let AFS help you ‘navigate APAC’s legal, tax and regulatory frontiers’!

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