WHEREAS, the tax convention between the Government of the
Republic of the Philippines and the Government of the Republic of Singapore had
been negotiated and concluded on August 1, 1977;
WHEREAS, the convention provides for the means of the
avoidance of double taxation and the prevention of fiscal evasion with respect
of taxes on income;
WHEREAS, the convention encourages the flow of investments,
promotion of trade and commercial relations and the flow of technology between
the two countries;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the power vested in me by the Constitution do hereby
ratify the convention between the Government of the Philippines and the
Government of Singapore for the avoidance of double taxation and the prevention
of fiscal evasion with respect to taxes on income.
Done in the City of Manila, this 8th day of November, in the year of Our
Lord, nineteen hundred and seventy-seven.
(Sgd.) FERDINAND E. MARCOS
President of the
Philippines
By the President:
(Sgd.) JOSE D. INGLES
Acting Secretary of Foreign Affairs