Singapore and The Republic of Tunisia signed an Agreement for the Avoidance of Double Taxation (DTA) on 27 February 2018.
Some of the withholding tax rates under the DTA are as follows:
• Dividends — 5%. Since Singapore’s domestic withholding rate for dividends is nil, dividends will be exempt from withholding tax in Singapore.
• Interest — 5%/10%. Exempted from tax if paid between the specified relevant government authorities of the contracting states. 5% if received by banks or similar financial institutions; 10% in all other cases.
• Royalties — 5%/10%. The 5% rate applies to payments of any kind received in
consideration for technical services.
The DTA is currently awaiting ratification and does not have the force of law. The full text of the DTA is available on IRAS’ website.