CANBERRA: Singapore and Australia have agreed to automatically exchange financial data of tax residents of the two countries by September 2018 in an effort to prevent tax evasion. Offshore wealth centers Singapore, Switzerland and Hong Kong are among 101 jurisdictions committed to start exchanging information to combat tax evasion by 2018. Last year Singapore, a trading hub for the world’s largest commodity companies, came under scrutiny from the governments of some resource-producing countries such as Australia who said they suspect the companies are using units based in the city-state to avoid tax.
Ogra allows Cnergyico to export 40,000 tonnes furnace oil in April as surplus builds
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has approved export of up to 40,000 metric tonnes of furnace oil for...
