On 16 June 2016, the Inland Revenue of Authority of Singapore (IRAS) published a media release announcing that it will join the inclusive framework for the global implementation of the BEPS Project. As a BEPS associate, Singapore will work with other jurisdictions to help develop the implementation and monitoring phase of the BEPS Project.
IRAS also announced that it is committed to implementing the four minimum standards under the BEPS Project, which include those developed under Action 5 …