#dpm tharman

[cheongcalista]

MOF issued a press release announcing that Singapore and India have signed a Protocol to amend their bilateral Avoidance of Double Taxation Agreement (DTA). The Protocol was signed in New Delhi between Mr Lim Thuan Kuan, Singapore’s High Commissioner to India and Shri Sushil Chandra, Chairman of the Central Board of Direct Taxes, India.

Following a meeting between Prime Ministers Lee Hsien Loong and Narendra Modi in October 2016,  DPM Tharman Shanmugaratnam and India’s Minister of Finance and Corporate Affairs of India Shri Arun Jaitley met to finalise the terms of the revised DTA, as well as discuss steps to sustain and deepen bilateral economic ties between Singapore and India, including facilitating investment flows. 

With the revision to the India-Mauritius DTA to phase out capital gains tax exemption, the capital gains tax exemption for shares in the Singapore-India DTA, which had been pegged to the India-Mauritius DTA, has had to be similarly amended. Singapore and India have reached agreement to phase out the capital gains tax exemption gradually, and have also committed to find new ways to promote bilateral investments.

[cheongcalista]

Deputy Prime Minister and Coordinating Minister for Economic and Social Policies, Tharman Shanmugaratnam attended the G20 Finance Ministers and Central Bank Governors Meeting in Chengdu, China from 23 to 24 July 2016. The G20 meeting discussed policies to enhance economic resilience amidst new global uncertainties.

DPM Tharman also spoke at the G20 High Level Tax Symposium on 23 July 2016. The Symposium covered the design of tax policies to support innovation-driven and inclusive growth, and to enhance tax certainty for businesses in the digital economy.

[cheongcalista]

DPM and Coordinating Minister for Social and Economic Policies Tharman Shanmugaratnam delivered a speech this morning at the launch of the Delta-NTU Corporate Laboratory on Cyber-Physical Systems.

In his speech, DPM elaborated on the Delta-NTU Corporate Laboratory as an example of how the Government is seeking to catalyse innovation, in each of our key growth sectors. Resources are put into supporting collaborations between our institutes of higher learning (IHLs) and industry players, which is one of the key ways we are spawning research aimed at meeting commercial needs.