タックス・ヘイブン：シンガポールとサウジが二重課税防止協定
Singapore, Saudi Arabia Sign DTA
by Mary Swire, Tax-News.com, Hong Kong
May 05, 2010
In Riyadh, Singapore's Minister for Foreign Affairs, George Yeo, and Saudi Arabia's Minister of Finance, Ibrahim A. Al-Assaf, have signed an agreement for the avoidance of double taxation (DTA) between their respective countries.
The new bilateral DTA is expected to further enhance the two countries' strong trade links by minimizing the double taxation of income that may occur as a result of cross-border economic activities between the two countries.
Amongst other provisions, the DTA includes the internationally-agreed Organisation for Economic Cooperation and Development standard for the exchange of information upon request for tax purposes; provides for lower withholding taxes on dividends, interest and royalties; places rules on the taxation of capital gains; and sets out permanent establishment rules for businesses.
It applies to all taxes on income in both countries. Profits from the operation of ships or aircraft in international traffic shall be taxable only in the state in which the place of effective management of the enterprise is situated.
The DTA will enter into force after it is ratified by both countries.
by Mary Swire, Tax-News.com, Hong Kong
May 05, 2010
In Riyadh, Singapore's Minister for Foreign Affairs, George Yeo, and Saudi Arabia's Minister of Finance, Ibrahim A. Al-Assaf, have signed an agreement for the avoidance of double taxation (DTA) between their respective countries.
The new bilateral DTA is expected to further enhance the two countries' strong trade links by minimizing the double taxation of income that may occur as a result of cross-border economic activities between the two countries.
Amongst other provisions, the DTA includes the internationally-agreed Organisation for Economic Cooperation and Development standard for the exchange of information upon request for tax purposes; provides for lower withholding taxes on dividends, interest and royalties; places rules on the taxation of capital gains; and sets out permanent establishment rules for businesses.
It applies to all taxes on income in both countries. Profits from the operation of ships or aircraft in international traffic shall be taxable only in the state in which the place of effective management of the enterprise is situated.
The DTA will enter into force after it is ratified by both countries.
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