1. The updated Agreement between the Government of the Republic of Singapore and the Government of the Republic of Indonesia for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (“Agreement”), signed on 4 February 2020, entered into force on 23 July 2021.
   
2. The Agreement will benefit businesses in both Singapore and Indonesia as well as boost bilateral trade and investment flows between the two countries. For more information on this Agreement, please refer to our press release here issued on 4 February 2020. The full text of the Agreement is available here.

Ministry of Finance