Executive summary
Indonesia and Singapore signed a new tax treaty on 4 February 2020 (New Treaty), which will replace the existing tax treaty that has been in effect since 1992 (Current Treaty).
The New Treaty will enter into force upon the exchange of notices of ratification. In Singapore, the provisions of the New Treaty will have effect in respect of taxes chargeable (other than taxes withheld at source) for any year of assessment1 beginning on or after 1 January in the second calendar yea…