Singapore and Seychelles sign tax treaty

17 July 2014

Singapore and Seychelles signed an Agreement for the Avoidance of Double Taxation (DTA) on 9 July 2014. The DTA includes the internationally agreed Standard for the exchange of information for tax purposes.

The withholding tax rates under the treaty are as follows:

  • Dividends — 0%.
  • Interest — 12%. Exempted from tax if paid between the relevant government authorities of the contracting states.
  • Royalties — 8%.

The DTA is awaiting ratification and does not have the force of law. The full text of the DTA is available on the IRAS website.

Source: Inland Revenue Authority of Singapore