The entry into force Feb. 13 of the renewed Agreement for the Elimination of Double Taxation and the Prevention of Tax Evasion and Avoidance between Taiwan and Singapore is welcomed by the Ministry of Foreign Affairs.
Inked Dec. 31, 2025, by Tung Chen-yuan, head of the Taipei Representative Office in the Republic of Singapore, and Yip Wei Kiat, then representative of the Singapore Trade Office in Taipei, the pact will take effect Jan. 1 next year. According to the Ministry of Finance, the agreement aligns with the current economic and trade environment, optimizes tax regulations, and is expected to drive further bilateral investment.
Taiwan and Singapore enjoy a close economic and trade relationship, the MOFA said, adding that according to Singaporean statistics, Taiwan was Singapore’s largest trading partner in 2025, with total bilateral trade exceeding US$134.4 billion. The figures demonstrate that the two countries’ economies are highly complementary, the ministry added.
Cooperation between Taiwan and Singapore, a New Southbound Policy target country, has grown steadily since the two sides first signed the agreement in 1981, the MOFA said. The renewed pact marks a new milestone in bilateral relations, the ministry noted, adding that Taiwan will continue to deepen mutually beneficial exchanges with Singapore in areas spanning culture, economy, education, tourism and trade to advance the well-being of the people on both countries.
A key plank in the government’s national development strategy, the NSP seeks to deepen Taiwan’s agricultural, business, cultural, education, tourism and trade ties with the 10 Association of Southeast Asian Nations member states, six South Asian countries, Australia and New Zealand. (YCH-E)
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Inked Dec. 31, 2025, by Tung Chen-yuan, head of the Taipei Representative Office in the Republic of Singapore, and Yip Wei Kiat, then representative of the Singapore Trade Office in Taipei, the pact will take effect Jan. 1 next year. According to the Ministry of Finance, the agreement aligns with the current economic and trade environment, optimizes tax regulations, and is expected to drive further bilateral investment.
Taiwan and Singapore enjoy a close economic and trade relationship, the MOFA said, adding that according to Singaporean statistics, Taiwan was Singapore’s largest trading partner in 2025, with total bilateral trade exceeding US$134.4 billion. The figures demonstrate that the two countries’ economies are highly complementary, the ministry added.
Cooperation between Taiwan and Singapore, a New Southbound Policy target country, has grown steadily since the two sides first signed the agreement in 1981, the MOFA said. The renewed pact marks a new milestone in bilateral relations, the ministry noted, adding that Taiwan will continue to deepen mutually beneficial exchanges with Singapore in areas spanning culture, economy, education, tourism and trade to advance the well-being of the people on both countries.
A key plank in the government’s national development strategy, the NSP seeks to deepen Taiwan’s agricultural, business, cultural, education, tourism and trade ties with the 10 Association of Southeast Asian Nations member states, six South Asian countries, Australia and New Zealand. (YCH-E)
Write to Taiwan Today at ttonline@mofa.gov.tw
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