Singapore Tax Officials to Join Forces with Incognito Disclosure Requests

By in

Singapore’s Court of Appeal has affirmed that the country’s tax and legal experts can privately disclose taxpayers account data to external governments, because of an ‘incognito’ treaty made without the subject’s knowledge.

Singapore’s Tax Controller has anticipated that it would make sense to satisfy the legitimacy of the demand, the court stated. The ruling could advance a rise in tax investigations and the issuance of secret requests under new EU Treaties, for example, that accepted for July 2018 amongst Brazil and Singapore according to experts.