10 November 2014

On 31 October 2014, Singapore and the United Arab Emirates signed a Protocol to enhance co-operation by amending their standing Agreement for the Avoidance of Double Taxation (DTA).

According to IRAS, the revised terms include “longer threshold periods to ascertain the presence of a permanent establishment and lower withholding tax rates for dividends and interest income”.

The original DTA was signed on 1 December 1995.

The protocol will enter into force after its ratification by both countries.

Source: Inland Revenue Authority of Singapore (IRAS)