Bhutan National Assembly Approves Pending Tax Treaty with Singapore

Bhutan's National Assembly (lower house of parliament) has announced its approval of the pending income tax treaty with Singapore on 2 June 2026. The treaty, signed 12 May 2026, is the first of its kind between the two countries. It will enter into force once the ratification instruments are exchanged and will apply in respect of withholding taxes from 1 January of the year following its entry into force and in respect of other taxes from 1 January of the second year following its entry into…