Taxation Agreement Template for Singapore

A Taxation Agreement under Singapore law is a formal arrangement that establishes the tax treatment, obligations, and rights between parties subject to Singapore's tax jurisdiction. It incorporates provisions from the Income Tax Act, GST Act, and relevant international tax treaties, while ensuring compliance with IRAS guidelines and regulations. The agreement addresses matters such as tax residency, applicable rates, compliance requirements, and dispute resolution mechanisms.

Typically:
i
This cost is based on prices provided by
6 legal services in your market.
With Genie AI:

£0

i
Generate and export your first
document completely free.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free
Upload to review

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Taxation Agreement?

A Taxation Agreement is essential for establishing clear tax arrangements between parties operating within Singapore's tax framework. This document is particularly relevant when parties need to formalize their tax obligations, establish transfer pricing arrangements, or address cross-border tax implications. The agreement ensures compliance with Singapore tax laws while incorporating international tax principles and IRAS guidelines. It typically includes provisions for tax treatment, reporting requirements, and dispute resolution mechanisms, making it a crucial document for businesses operating in or through Singapore.

What sections should be included in a Taxation Agreement?

1. Parties: Identification of the contracting parties including tax residency status

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used in the agreement including technical tax terminology

4. Scope of Taxation: Types of taxes covered under the agreement

5. Tax Treatment: Specific provisions for various types of income and gains

6. Compliance Obligations: Requirements for tax reporting and documentation

7. Dispute Resolution: Procedures for resolving tax-related disputes

What sections are optional to include in a Taxation Agreement?

1. Transfer Pricing Provisions: Specific provisions for related party transactions and transfer pricing methodologies

2. Tax Credits: Methods and procedures for avoiding double taxation between jurisdictions

3. Anti-Avoidance Provisions: Specific measures and clauses to prevent tax avoidance schemes

What schedules should be included in a Taxation Agreement?

1. Schedule of Tax Rates: Detailed breakdown of applicable tax rates for different types of income

2. Documentation Requirements: Comprehensive list of required supporting documents and records

3. Calculation Methods: Agreed methodologies for calculating taxable income and adjustments

4. Compliance Calendar: Timeline of tax filing and payment obligations throughout the year

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Tax Agreement

Cost

Free to use

Find the exact document you need

Double Taxation Agreement

A bilateral treaty under Singapore law that prevents double taxation of income between Singapore and another country.

Download

Taxation Agreement

A Singapore-law governed agreement establishing tax arrangements and obligations between parties under IRAS jurisdiction.

Download

Advance Price Agreement

A Singapore-based agreement between taxpayer and IRAS establishing transfer pricing methodology for related-party transactions.

Download
See more related templates

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it