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)