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Parliament met Monday 19 October to discuss and pass the Income Tax (Amendment) Bill to help meet information requests under some Avoidance of Double Taxation arrangements entered into by Singapore. Also passed by the House was the International Arbitration (Amendment) Bill and Quorums of Statutory Boards (Miscellaneous Amendments) Bill.
Two amendment Bills, the Singapore Armed Forces and Medical Registration were introduced in the House.
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Updated: Tue, 03 Nov 2009 18:29:21
SINGAPORE: It is likely that Potong Pasir Member of Parliament Chiam See Tong will contest in a Group Representation Constituency (GRC) in the next General Election, which is due by February 2012.
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Summing up debate on the Income Tax (Amendment) Bill, Mr Tharman said that the US and Singapore are keen to explore comprehensive DTA and the process is expected to get underway next year. He added that the diversity of international fiscal and tax systems is a strength of the world economy and there is no reason for countries to adopt protectionist measures against Singapore as it is a jurisdiction committed to international cooperation.
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