The inclusion of a mandatory arbitration clause in tax treaties should make POPs more effective as a dispute settlement mechanism. A DBA between Singapore and another jurisdiction serves to avoid double taxation of income received in one jurisdiction by a resident of the other jurisdiction. A DBA also highlights the tax rights between Singapore and its contractual partner on different types of income resulting from cross-border economic activities between the two jurisdictions. The agreements also provide for a reduction or exemption from tax on certain types of income. See the list of DTAs, Treaties and EOI arrangements closed by Singapore. IRAS shall inform the taxable person of the outcome of the MAGP within one month of the conclusion of the agreement with the competent foreign CAs. IRAS will regularly inform the taxpayer of the progress of the negotiations and will endeavour to resolve the matter within 24 months of receipt of the request. Once an agreement has been reached and notified to the taxpayer, the taxpayer must decide whether or not to accept the outcome of the negotiations. . . .