26 May 2016
Singapore and Cambodia signed an Agreement for the Avoidance of Double Taxation (DTA) on 20 May 2016. 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 — 10%. Since Singapore’s domestic withholding rate for dividends is nil, dividends will be exempt from withholding tax in Singapore.
- Interest — 10%. Exempted from tax if paid between the relevant government authorities of the contracting states.
- Royalties — 10%.
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 (IRAS)