CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Singapore-Uzbekistan To Exchange Tax Information

Singapore-Uzbekistan To Exchange Tax Information

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

11 October 2011


The protocol, to incorporate the internationally-agreed Organization for Economic Cooperation and Development standard for the exchange of information for tax purposes into the existing double taxation agreement (DTA) between Singapore and Uzbekistan, will enter into force on November 1, 2011.

The protocol was signed in Tashkent on June 14 this year by Singapore’s Ambassador to Uzbekistan, Zulkifli Baharudin, and the Chairman of Uzbekistan’s State Tax Committee, Botirjon Parpiev.

The original DTA was signed on July 24, 2008, and the protocol will give the tax authorities of both countries a greater ability to exchange taxpayer information and to exchange information on a wider range of taxes.

It also provides that neither tax authority can refuse to provide information solely because it does not require the information for its own domestic purposes, or because the information is held by a bank or similar institution.

The DTA covers Singapore's income tax and Uzbekistan's tax on income (profit) of legal persons and tax on income of individuals. Dividends and interest are taxed at 5% under the DTA, while royalties are taxed at a maximum rate of 8%.

TAGS: individuals | tax | business | double tax agreement (DTA) | interest | royalties | law | Singapore | tax authority | agreements | dividends | Uzbekistan

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



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 »