{"id":666,"date":"2023-06-12T10:32:41","date_gmt":"2023-06-12T10:32:41","guid":{"rendered":"https:\/\/opencompanysingapore.com\/?p=666"},"modified":"2023-06-12T10:32:45","modified_gmt":"2023-06-12T10:32:45","slug":"double-tax-treaties-in-singapore","status":"publish","type":"post","link":"https:\/\/opencompanysingapore.com\/double-tax-treaties-in-singapore\/","title":{"rendered":"Double Tax Treaties in Singapore"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/opencompanysingapore.com\/double-tax-treaties-in-singapore\/#taxation-agreements-in-singapore\" title=\"Taxation agreements in Singapore\">Taxation agreements in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/opencompanysingapore.com\/double-tax-treaties-in-singapore\/#what-are-the-countries-singapore-has-signed-dtas-with\" title=\"What are the countries Singapore has signed DTAs with?\">What are the countries Singapore has signed DTAs with?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/opencompanysingapore.com\/double-tax-treaties-in-singapore\/#what-are-the-types-of-incomes-covered-by-dtas-in-singapore\" title=\"What are the types of incomes covered by DTAs in Singapore?\">What are the types of incomes covered by DTAs in Singapore?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"taxation-agreements-in-singapore\"><\/span><strong>Taxation agreements in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>International trade activities have led to companies&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/establish-a-subsidiary-in-singapore\">opening subsidiaries<\/a><\/strong>&nbsp;or other type of legal entities in foreign countries<strong>. Singapore<\/strong>&nbsp;is one of the most developed countries in terms trading activities which is why&nbsp;<strong>double taxation agreements (DTAs)<\/strong>&nbsp;are an important factor for&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/most-attractive-investment-industries-in-singapore\">attracting foreign investors<\/a><\/strong>&nbsp;towards the country. The reduction of taxes and the consolidation of&nbsp;<strong>Singapore\u2019s<\/strong>&nbsp;position among the most competitive countries in the world are based on&nbsp;<strong>international taxation agreements<\/strong>.&nbsp;<strong>Double tax agreements<\/strong>&nbsp;are usually concluded among two or more countries in order to reduce the tax burden applied to the same a taxpayer<strong>.<\/strong>&nbsp;Our<strong>&nbsp;company formation advisers<\/strong>&nbsp;can help foreign businessmen&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>open a company in Singapore<\/strong><\/a>&nbsp;and take advantage of the double tax treaties signed by this city-state.<\/p>\n\n\n\n<p><strong>Singapore is one of the countries with many double taxation avoidance treaties<\/strong>. Some types of incomes are&nbsp;<strong>exempt from taxation<\/strong>&nbsp;or benefit from&nbsp;<strong>reduced<\/strong>&nbsp;<strong>tax rates in Singapore<\/strong>&nbsp;depending on the&nbsp;<strong>type of double tax agreement<\/strong>&nbsp;concluded.&nbsp;<strong>Singapore has signed comprehensive and limited double taxation agreements<\/strong>.&nbsp;<strong>Comprehensive agreements<\/strong>&nbsp;cover all types of incomes, while&nbsp;<strong>limited agreements<\/strong>&nbsp;cover only certain types of incomes. Our experts in<strong>&nbsp;opening companies in Singapore&nbsp;<\/strong>can tell you more details about these types of agreements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-the-countries-singapore-has-signed-dtas-with\"><\/span><strong>What are the countries Singapore has signed DTAs with?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Among the countries&nbsp;<strong>Singapore has signed double tax treaties<\/strong>&nbsp;with there are:<\/p>\n\n\n\n<ul>\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; in Europe: Austria, Poland, Portugal, Luxembourg, Belgium, Cyprus, Bulgaria, France, Germany, Hungary, Ireland, Italy,&nbsp;<a href=\"https:\/\/www.companyincorporationmalta.com\/\">Malta<\/a>, Norway, Switzerland, Sweden, the United Kingdom;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; in Asia,&nbsp;<strong>Singapore has signed double tax treaties<\/strong>&nbsp;with China, Malaysia, Mongolia, Thailand, Vietnam, Japan;<\/li>\n\n\n\n<li><strong>Singapore has also signed limited tax treaties<\/strong>&nbsp;with Brazil, the United States, Chile, Hong Kong, the UAE, Saudi Arabia, Russia, Turkey, South Africa, Canada and Libya.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-the-types-of-incomes-covered-by-dtas-in-singapore\"><\/span><strong>What are the types of incomes covered by DTAs in Singapore?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In&nbsp;<strong>Singapore<\/strong>&nbsp;both companies and individuals can benefit from tax reliefs or deductions covered by&nbsp;<strong>double taxation agreements.<\/strong>&nbsp;The incomes benefitting from&nbsp;<strong>deductions or reliefs in Singapore&nbsp;<\/strong>are the income forimmovable property, dividends, royalties, interest, business profits, capital gains, profits made from air transportation or shipping. The methods to relieve&nbsp;<strong>double tax agreements in Singapore<\/strong>&nbsp;can take the form of&nbsp;<strong>tax credits<\/strong>&nbsp;that will be granted to a taxpayer for the foreign tax against the tax imposed in his or her country of origin on the same income.&nbsp;<strong>Tax reductions<\/strong>&nbsp;can be offered for&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/paying-taxes-in-singapore\">taxes paid on dividends, interests and royalties<\/a><\/strong>.&nbsp;<strong>Tax deductions are offered in Singapore<\/strong>&nbsp;on the foreign tax applied to the foreign income.<\/p>\n\n\n\n<p>Our specialists in&nbsp;<strong>opening&nbsp;companies in Singapore<\/strong>&nbsp;can provide details about all the&nbsp;<strong>double taxation agreements<\/strong>&nbsp;available currently. You can also&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/contact\">contact us<\/a>&nbsp;<\/strong>for&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/general-guide-to-company-incorporation-singapore\">company registration in Singapore.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taxation agreements in Singapore International trade activities have led to companies&nbsp;opening subsidiaries&nbsp;or other type of legal entities in foreign countries. Singapore&nbsp;is one of the most developed countries in terms trading activities which is why&nbsp;double taxation agreements (DTAs)&nbsp;are an important factor for&nbsp;attracting foreign investors&nbsp;towards the country. The reduction of taxes and the consolidation of&nbsp;Singapore\u2019s&nbsp;position among the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":299,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[64,62,63,14,65],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Double Tax Treaties in Singapore<\/title>\n<meta name=\"description\" content=\"General information about double tax treaties in Singapore. 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