Cambodia-Singapore Double Tax Deal Effective
by Mary Swire, Tax-News.com, Hong Kong
03 January 2018
Singapore's tax agency has announced that the territory's new double tax avoidance agreement with Cambodia entered into force on December 29, 2017, capping cross-border withholding taxes on trade and investment.
Double tax agreements typically assign taxing rights to two territories to ensure that the same cross-border income is not subject to tax twice.
The agreement provides that withholding tax on interest from dividends, interest, royalties, and technical fees will generally be subject to a maximum tax rate of 10 percent in the payer's state.
The agreement was signed on May 20, 2016, in Singapore. Following its entry into force on December 29, 2017, the agreement became effective in both states from January 1, 2018.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- The OECD Steals the Show »
- Back to VAT »
- Four Major Myths about Bridging Finance »
- Compliance Under Consideration »
- Ultimate Guide to Startup Valuation »
- Action on VAT »
- Corporate Taxes take Center Stage »
- Reporting, Rule Changes and Reversals… »
- Buying a Home at Auction: Key Questions and Considerations »
- Compliance Concerns Under Consideration »