The permanent representatives to the United Nations of Singapore and Slovenia signed an agreement for the avoidance of double taxation (DTA) between the two countries on January 8, 2010.
It was said that the DTA would help boost bilateral trade and investment by minimizing the double taxation of income that may occur as a result of cross-border economic activities between both countries.
Amongst other provisions, the DTA includes the internationally agreed standard for the exchange of information for tax purposes upon request, and sets out permanent establishment rules.
It also provides for maximum withholding taxes of 5% on dividends, interest and royalties paid from a resident of one country to another. Interest payable on government debt from one country to another shall, however, be free of tax.
Each country will notify the other when the procedures required by its law for the entry into force of the agreement have been satisfied. The DTA shall enter into force on the date of receipt of the later of these notifications.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment