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Double Tax Treaties in Singapore

Double Tax Treaties in Singapore

Updated on Tuesday 29th November 2022

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Double-Tax-Treaties-in-SingaporeInternational tax treaties in Singapore

The numerous tax treaties signed by the city-state during time provide an advantageous taxation system to investors establishing companies in Singapore. Singapore has an extended network of double taxation agreements (DTAs) that prevent double taxes to be levied on the same income of a taxpayer. Singapore’s double tax treaties establish tax rights on different types of incomes, including incomes earned from cross-border trading activities and exemptions applied to certain incomes. Lately, Singapore has started amending its double tax agreements with protocols for exchange of tax information. Among other tax treaties Singapore signed are:

  • - limited tax treaties,
  • - exchange of information agreements,
  • - conventions on mutual administrative assistance in tax matters,
  • - international tax compliance agreements.

What are the benefits of Singapore’s double taxation agreements?

The greatest benefit of a double taxation agreement is the security it provides in terms of when and how a tax is levied on an income made in a certain country, thus defining the authority on cross-border transactions. Singapore’s double taxation agreements also define the rights of each country the city-state has concluded a DTA with. The new protocols added to the DTAs are meant to prevent international tax evasion. The double taxation treaties Singapore signed also define the terms tax relief can be claimed under. Singapore’s double tax treaties cover many types of income, among which:

You can contact our law firm in Singapore for details about all the types of incomes covered by double taxation agreements.

What are the most recent double tax treaties Singapore concluded?

The first double tax treaty Singapore signed is with Australia and it dates back in 1969. During time, Singapore signed DTAs with countries like Belgium, Bulgaria, China, Canada, Cyprus, Russia, Hungary, Finland, Switzerland and Turkey.

Among the last double taxation agreements Singapore signed are with the United Arab Emirates, Liechtenstein, Kazakhstan, Azerbaijan, Austria, Poland, Portugal and Luxembourg.   

Our lawyers in Singapore will provide you information about all the double tax treaties the city-state signed. 

You can send your inquiries to our team in the situation in which you are interested in immigration to Singapore. If you do want to relocate here, please mind that this can have tax implications, based on the duration of stay and the purpose of the arrival. 
 
Taxes can be charged when working here, when setting up a business activity, when working through a permanent establishment, etc. 
 
Our immigration lawyers in Singapore can present the main tax obligations you will have once you will be relocated here. If you plan to become a permanent resident, there will not be any distinction between you and a local citizen, from a tax perspective
 
Thus, you will need to comply with all the tax procedures applicable in this country, as your tax residence will be considered to be the one in Singapore.  
 
If you will move your tax residency in this country, it means that you will become a resident of Singapore. This will provide the right to obtain a residence permit in Singapore, and the procedure will be handled through the Immigration and Checkpoints Authority.  
 
All applicants must pay a processing fee of $S100 and applicants who will qualify for the document will need to pay an additional small fee for the issuance of the permit.