Singapore’s agreement with Spain for the avoidance of double taxation (DTA) will come into force on 1 February 2012.

The agreement is Singapore’s 68th DTA and will encourage and facilitate cross-border trade and investment between Singapore and Spain, by providing greater clarity on taxing rights and minimising the scope of double taxation between the two nations. The DTA includes the internationally agreed Standard for the exchange of information for tax purposes upon request.

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