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Singapore Saudi Arabia DTA Entry into ForceThe double tax treaty, DTA, which was signed in May 2010 entered into force on July 1, 2011. The DTA includes, inter–alia, reduced tax withholding rates of 5% for dividends and interest and 8% for royalties. Saudi capital gains tax is reduced from 20% to 15% depending on the shareholding. Singapore Spain Double Tax AgreementSingapore and Spain signed on April 13 a double tax treaty, DTA, between the two countries. According to the DTA dividend are exempt from tax withholding when the payee is a company holding at least 10% of the capital of the paying company, otherwise the withholding rate is 5%. Dividends paid by a real estate investment trust, REIT, are subject to 5% withholding if the payee holds less than 10% of the payer's capital. For payments of interest and royalties there is 5% withholding rate.v The DTA will enter into force after ratification by both countries. More info www.iras.gov.sg Singapore Saudi Arabia New DTASingapore and Saudi Arabia signed on 3/5/2010 a new double taxation treaty between the two countries. The DTA which deals with all kinds of income deals, inter alia, with exchange of tax information, reduced tax withholding rates from dividends, interest and royalties and sets out permanent establishment rules. The treaty will enter into force after being ratified by both countries. More info: www.iras.gov.sg Singapore's New DTA ProtocolsThe protocol to the standing double taxation agreement, DTA, between Singapore and Norway will enter into force on April 4, 2010. The protocol to the standing DTA between Singapore and the Netherlands will enter into force on May 1, 2010. More info www.iras.gov.sg Singapore Denmark Double Taxation TreatySingapore and Denmark signed on August 25, 2009 a new double taxation treaty, amending the existing tax treaty between the two countries. The new agreement is the fourth agreement signed by Singapore which incorporates international standards for exchange of tax information between countries. The protocol will enter into force after completion of ratification procedures by both countries. For further info please see Inland Revenue Authority of Singapore site (www.iras.gov.sg) |
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