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Singapore, Ireland Sign Comprehensive DTA

by Mary Swire, Tax-News.com, Hong Kong

28 October 2010

An agreement for the avoidance of double taxation and fiscal evasion has been signed between Singapore and Ireland, the Singaporean government announced on October 28.

The signing took place in Singapore between S Iswaran, Singapore’s Senior Minister of State for Trade and Industry and Education, and Conor Lenihan, Ireland’s Minister for Science, Technology, Innovation and Natural Resources.

Amongst other provisions, the DTA includes the internationally agreed Standard for the exchange of information for tax purposes upon request, provides for lower withholding taxes for dividends, interest and royalties, and sets out permanent establishment rules.

The text of the agreement has been made available by the Singaporean tax authority, and will enter into force after it has been ratified by both nations.

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Tags: tax | offshore | investment | international financial centres (IFC) | tax information exchange agreement (TIEA) | double tax agreement (DTA) | withholding tax | Ireland | Singapore | dividends | interest | royalties | Singapore | Ireland

 






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