Treaty Update: Bahrain - Singapore

16/5/2012

Bahrain's Shura Council, the upper house of parliament, approved a draft law that would ratify the DTA between Bahrain and Singapore, at its meeting of May 7, 2012.

Treaty Update: Bahrain - Singapore

18/4/2012

A bill that would approve a draft Protocol to the DTA between Bahrain and Singapore was tabled and considered by Bahrain's Financial and Economic Affairs Committee on April 10, 2012.

Treaty Update: Italy - Singapore

23/3/2012

During meetings on March 21, 2012, Singapore's Senior Parliamentary Secretary for Foreign Affairs, Sam Tan, met with Italian Minister for Relations with Parliament, Piero Giarda, where the Italian minister announced that the nation's parliament is in the process of ratifying the comprehensive DTA signed Italy and Singapore.

Treaty Update: Singapore - Estonia

6/3/2012

The Protocol to the DTA between Singapore and Estonia will enter into force on March 30, 2012, according to Singapore's revenue authority.

Treaty Update: Singapore - Turkey

6/3/2012

Singapore and Turkey signed a DTA Protocol on March 5, 2012, to introduce new provisions for the exchange of tax information on request.

Treaty Update: Singapore - Estonia

1/3/2012

The Inland Revenue Authority of Singapore confirmed on February 29 that the Protocol adding information exchange provisions to the DTA between Singapore and Estonia will enter into force on March 30, 2012.

Treaty Update: United Kingdom - Singapore

22/2/2012

The UK and Singapore signed a Protocol amending their existing DTA on February 15, 2012.

Treaty Update: Bahrain - Singapore

19/1/2012

According to preliminary media reports, the Bahraini government on January 15, 2012, approved for ratification a pending Protocol to the DTA the country has signed with Singapore.

Treaty Update: Singapore - Panama

28/12/2011

The pending DTA between Singapore and Panama entered into force on December 19, 2011, and will be effective from January 1, 2012.

Treaty Update: Singapore - Panama

22/12/2011

According to the Inland Revenue Authority of Singapore, the DTA signed between Singapore and Panama entered into force on December 19, 2011.

Treaty Update: Singapore - Various

7/12/2011

Singapore's tax authority confirmed on December 2, 2011, that protocols adding information exchange provisions to the DTAs between Singapore and Mexico and Singapore and Qatar will enter into force on January 1, 2012.

Treaty Update: Canada - Singapore

30/11/2011

Canada and Singapore signed a protocol on November 29, 2011, to add provisions for tax information exchange to their existing DTA.

Treaty Update: Singapore - Spain

2/11/2011

The Singapore Tax Authority confirmed on November 1, 2011, that the DTA between Singapore and Spain signed on April 13, 2011, will enter into force on February 1, 2012.

Treaty Update: Czech Republic - Singapore

21/10/2011

According to preliminary media reports, the first round of negotiations on an amending protocol to the DTA between the Czech Republic and Singapore will commence on October 24, 2011.

Treaty Update: Singapore - Czech Republic

14/10/2011

According to preliminary media reports, three days of negotiations will begin between the governemnts of the Czech Republic and Singapore on October 24, 2011, to revise the current DTA between the two countries.

Treaty Update: Singapore - Uzbekistan

11/10/2011

Singapore's Ministry of Finance has confirmed that the Protocol to incorporate OECD information exchange standards into the existing DTA between Uzbekistan and Singapore will enter into force on November 1, 2011.

Treaty Update: Spain - Singapore

26/9/2011

According to preliminary media reports, the pending DTA and accompanying Protocol between Spain and Singapore was ratified by the Spanish Congress on September 15, 2011.

Treaty Update: India - Singapore

6/9/2011

The second Protocol to DTA between India and Singapore, which revises the agreement to include tax information sharing provisions, entered into force on September 1, 2011.

Treaty Update: Singapore - India

1/9/2011

According to Singapore's Inland Revenue Authority, a protocol to the DTA with India will come into force on September 1, 2011. The protocol incorporates the internationally agreed standard for the exchange of information into the existing DTA.

Treaty Update: Singapore - India

15/8/2011

Singapore's Inland Revenue Authority has announced that the 2nd Protocol to the DTA with India will enter into force on September 1, 2011. The protocol incorporates the internationally agreed standard for the exchange of information into the existing DTA.

Treaty Update: Uzbekistan - Singapore

10/8/2011

According to preliminary media reports, on August 8, 2011, the Uzbek government ratified the protocol to the existing DTA between Uzbekistan and Singapore, signed on June 24, 2008.

Treaty Update: Albania - Singapore

22/7/2011

According to preliminary media reports, the DTA between Albania and Singapore entered into force on July 19, 2011. The treaty was signed on November 23, 2010.

Treaty Update: Belgium - Singapore

19/7/2011

According to preliminary media reports, the Belgian parliament ratified a Protocol to the DTA with Singapore on July 7, 2011.

Treaty Update: Singapore - Saudi Arabia

8/7/2011

The DTA between Singapore and Saudi Arabia entered into force on July 1, 2011. The treaty was signed on May 3, 2010, and will have effect from January 1, 2012. The DTA provides maximum rates for dividend, interest and royalty withholding taxes, and adheres to the internationally agreed standard for the exchange of tax information.

Treaty Update: India - Singapore

28/6/2011

According to India's Income Tax Department, India and Singapore signed a DTA amendment on June 24, 2011. The Protocol contains the principles incorporated in the OECD Model Article on the exchange of tax information.

Treaty Update: Singapore - Uzbekistan

22/6/2011

The protocol, signed on June 14 2011, amends the existing double tax treaty, in effect since January 2009, to include OECD-model provisions for the exchange of tax information.

Treaty Update: Singapore - Uzbekistan

22/6/2011

The Protocol incorporates the OECD standard on the exchange of tax information into the existing DTA. The original DTA was signed on July 24, 2008.

Treaty Update: Singapore - Uzbekistan

20/6/2011

The Protocol incorporates the OECD standard on the exchange of tax information into the existing DTA. The original DTA was signed on July 24, 2008.

Treaty Update: Spain - Singapore

8/6/2011

Spain ratified

Treaty Update: Singapore - Spain

2/6/2011

In Singapore, the DTA applies to income tax. In Spain, the DTA applies to income tax on individuals and non-residents, and corporation tax, and local taxes on income. Incorporates internationally agreed standards for the exchnage of tax information. The DTA also sets out permanent establishment, capital gains and business profits rules. Dividend withholding tax is charged at the following rates: 0% if the beneficial owner is a company (other than a partnership) holding directly at least 10% of the capital of the paying company; 5% in all other cases. In the case of distributions made out of real estate invetment trust: 5% if the beneficial owner of the distrubutions holds less than 10% of the value of the trust capital. Interest withholding tax is charged at 5, except in the case of the government, central bank or political authority of that state, or by a financial institution in one state paying the interest to a financial institution in the other, a pension fund approved for tax purposes whose income is generally exempt from tax, paid in respect of certain loans, or is the Government of Singapore Investment Corporation. Royalty withholding tax is limited to 5%.

Treaty Update: Singapore - Saudi Arabia

1/6/2011

The DTA was signed on May 30, 2010, and enters into force on July 01, 2011, with effect from January 1, 2012. In Saudi Arabia, the DTA covers the Zakat, income tax, including the natural gas investment tax. In Singapore, the DTA covers income tax. The DTA provides permanent establishment, resident, immovable property rules, and for the elimination of double taxation and the exchange of information. Dividend withholding tax is limited to 5%. Royalties withholding tax is limited to 8%. Interest is exempt from withholding tax.

Treaty Update: Slovenia - Singapore

1/6/2011

Treaty Update: Switzerland - Singapore

1/6/2011

The DTA replaces the 1975 agreement, and contains provision for the exchange of information to internationally accepted standards. Dividends from investments of at least 10% of the capital of the distributing company are taxed at 5%, and dividends paid to the central banks of each state are exempt from withholding tax. Interest withholding tax remains at 5%, but central banks are exempt in future.

Treaty Update: Estonia - Singapore

1/6/2011

The Protocol had been initialed on July 26, 2010. The Protocol incorporates internationally agreed standard for the exchange of information for tax purposes into the existing treaty.

Treaty Update: France - Singapore

1/6/2011

The Protocol amends the original DTA with provisions providing for the exchange of information to international standards.

Treaty Update: Singapore - Saudi Arabia

26/5/2011

The DTA was signed on May 30, 2010, and is to enter into force on July 1, 2011, 01.07.11, with effect from January 1, 2012. In Saudi Arabia, the DTA covers the Zakat, income tax, including the natural gas investment tax. In Singapore, the DTA covers income tax. The treaty provides permanent establishment rules. Dividend withholding tax limited to 5%. Interest is exempt from withholding tax. Royalties withholding tax limited to 8%. The treaty also provides for the exchange of information relevant to the carrying out of the DTA.

Treaty Update: Singapore - Italy

26/5/2011

The Protocol ncorporates an exchange of information protocol in existing treaty, signed in January, 1977.

Treaty Update: Ireland - Singapore

26/5/2011

In Ireland, it covers income tax, income levy, corporation tax, and capital gains tax. In Singapore, it covers income tax. A zero rate of dividend withholding tax applies. Interest withholding tax is charged at 5%. However, the governments of each state and certain government institutions and banks are exempt. Royalty withholding tax is limited to 5%.

Treaty Update: United Kingdom - Singapore

25/5/2011

The Protocol was signed on August 24, 2009, and entered into force with effect from January 8, 2011.The Protocol amends the DTA signed in 1997. The Protocol updates the section on information exchange, so that it applies to the exchange of information relevant for carrying out the provisions of the DTA, and to the administration or enforcement of the domestic laws concerning taxes of all kinds.