Singapore-Rwanda DTA enters into force on 15 February 2016

On By taxsgIn Corporate Tax

18 February 2016

The Avoidance of Double Taxation (DTA) agreement between Singapore and Rwanda was gazetted on 15 February 2016 and will take effect from 1 January 2017.

Singapore and Rwanda signed a new agreement for the Avoidance of Double Taxation (DTA) on 26 August 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 — 7.5%.
Interest — 10%. Exempted from tax if paid between the relevant government authorities of the contracting states.
Royalties — 10%.

Source: Inland Revenue Authority of Singapore (IRAS)