Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on the Exchange of Country‑By‑Country Reports) (Amendment) Order 2024

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Published in Subsidiary Legislation Supplement
on 01 Feb 2024

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No. S 69

Income Tax Act 1947

Income Tax
(International Tax Compliance Agreements)
(Multilateral Competent Authority Agreement
on the Exchange of Country‑By‑Country
Reports) (Amendment) Order 2024

In exercise of the powers conferred by section 105K(1) of the Income Tax Act 1947, the Minister for Finance makes the following Order:

Citation and commencement

1. This Order is the Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on the Exchange of Country‑By‑Country Reports) (Amendment) Order 2024 and comes into operation on 1 February 2024.

Amendment of paragraph 2

2. In the Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on the Exchange of Country‑By‑Country Reports) Order 2018 (G.N. No. S 72/2018), in paragraph 2 —

(a)

in sub‑paragraph (m), replace the full‑stop at the end with a semi‑colon; and

(b)

after sub‑paragraph (m), insert —

“(n)	the competent authority of each of the countries specified in the Fourteenth Schedule, starting 8 January 2024.”.

New Fourteenth Schedule

3. In the Income Tax (International Tax Compliance Agreements) (Multilateral Competent Authority Agreement on the Exchange of Country‑By‑Country Reports) Order 2018, after the Thirteenth Schedule, insert —

“FOURTEENTH SCHEDULE

Paragraph 2(n)

COUNTRIES

1. Kenya

2. Montserrat”.

[G.N. Nos. S 711/2018; S 893/2018; S 546/2020; S 959/2021; S 356/2022; S 26/2023; S 714/2023]

Made on 30 January 2024.

LAI WEI LIN

Second Permanent Secretary,
Ministry of Finance,
Singapore.

[AG/LEGIS/SL/134/2020/8 Vol. 2]