Finance (Income Taxes) Bill · cl 48

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cl 48Amendment of section 83

In the MMTA, in section 83(2), after paragraph (a), insert —“(aa)section 6(4) is replaced with the following provision: “(4) The obligation as to secrecy imposed by this section does not prevent the disclosure of information to the competent authority of a jurisdiction with whom Singapore has an active exchange relationship as defined by the Multilateral Competent Authority Agreement on the Exchange of GloBE Information developed by the Organisation for Economic Co‑operation and Development (OECD), for the purpose of discharging Singapore’s obligation under that Agreement.”;

(ab)

section 6(4AA) is omitted;”.