On 18 December 2015, the income tax treaty between Ecuador and Singapore entered into force. The treaty, signed 27 June 2013, is the first of its kind between the two countries. Taxes Covered The treaty covers Ecuadorian income tax and Singapore income tax. Residence If a company is considered resident in both Contracting States, the competent authorities of both States will determine the company's residence for the purpose of the treaty through mutual agreement. If no agreement is reached, the company will not be considered a resident of either State for the purpose of enjoying the benefits of the treaty....