Singapore and Thailand Revise Their Agreement For The Avoidance of Double Taxation
1. Singapore and Thailand signed a new Avoidance of Double Taxation Agreement (DTA) on 11 June 2015. The signing took place in Singapore between Mr K Shanmugam, the Singapore Minister for Foreign Affairs and Minister for Law, and Deputy Prime Minister and Minister of Foreign Affairs His Excellency Tanasak Patimapragorn.
2. The existing DTA between the two countries, signed on 15 September 1975, has been in force for more than thirty years. Among other changes, the new DTA lengthens the threshold period for determining the presence of a permanent establishment and lowers the withholding tax rates for dividends, interest and royalties. These changes are expected to enhance trade and investment flows between the two countries.
3. The full text of the new DTA is available on the Inland Revenue Authority of Singapore’s (IRAS) website
. The DTA will enter into force after its ratification by both countries.
Ministry of Finance
11 June 2015