Baker & McKenzie's Managed Investment Trusts Update - Singapore and Seven Other Countries Added to Exchange of Information List
Australia has recently amended its Managed Investment Trusts (MITs) regulations to include Singapore and seven other countries to the Exchange of Information (EOI) list.
The amendment, which became effective 1 July 2011, gives residents in Singapore and the seven other countries access to the 7.5 percent final withholding tax rate for MITs.To learn more about this amendment, please see the Alert which discusses:
- the countries and municipalities covered by the amendment
- the implications for investors
- actions that affected investors may consider