Singapore and Armenia Sign Agreement For Avoidance Of Double Taxation

1.   Singapore signed a comprehensive Agreement for the Avoidance of Double Taxation (DTA) with Armenia today.

2.   The signing took place in Singapore between Senior Minister of State, Ministry of Defence & Ministry of Foreign Affairs, Maliki Osman, and Deputy Minister of Foreign Affairs of Armenia, Avet Adonts.

3.   The DTA will enhance the cross-border trade and investment between both countries. It lowers the withholding tax rates on income flows arising from cross-border business activities, and stipulates the taxing rights of both jurisdictions to minimise double taxation.

4.   The full text of the Singapore-Armenia DTA is available on the Inland Revenue Authority of Singapore’s website here. The DTA will enter into force after ratification by both countries.

MINISTRY OF FINANCE

 8 July 2019