§ 105D — Request for information

105D.—(1) The competent authority under a prescribed arrangement may make a request to the Comptroller for information concerning the tax position of any person in accordance with —(a)

if it is an avoidance of double taxation arrangement, the EOI provision of that arrangement; or

(b)

if it is an EOI arrangement, the provisions of that arrangement.

(2) Unless the Comptroller otherwise permits, the request must set out the information prescribed in the Eighth Schedule.

(3) Every request is subject to and must be dealt with in accordance with the terms of the prescribed arrangement.

(4) For the purposes of subsection (3), the terms of the prescribed arrangement are not to be construed in such a way as to prevent the Comptroller from complying with, or to permit the Comptroller to decline to comply with, a request for information merely because —(a)

Singapore does not need the information for its own tax purposes; or

(b)

the information is held by a bank or other financial institution, a nominee or a person acting in an agency or a fiduciary capacity, or it relates to the ownership interests in an entity.

—(1) The competent authority under a prescribed arrangement may make a request to the Comptroller for information concerning the tax position of any person in accordance with —(a)

if it is an avoidance of double taxation arrangement, the EOI provision of that arrangement; or

(b)

if it is an EOI arrangement, the provisions of that arrangement.

(2) Unless the Comptroller otherwise permits, the request must set out the information prescribed in the Eighth Schedule.

(3) Every request is subject to and must be dealt with in accordance with the terms of the prescribed arrangement.

(4) For the purposes of subsection (3), the terms of the prescribed arrangement are not to be construed in such a way as to prevent the Comptroller from complying with, or to permit the Comptroller to decline to comply with, a request for information merely because —(a)

Singapore does not need the information for its own tax purposes; or

(b)

the information is held by a bank or other financial institution, a nominee or a person acting in an agency or a fiduciary capacity, or it relates to the ownership interests in an entity.