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