SINGAPORE AND GABON SIGN AGREEMENT FOR AVOIDANCE OF DOUBLE TAXATION
1. Singapore signed a comprehensive Agreement for the Avoidance of Double Taxation (DTA) with the Gabonese Republic on 28 August 2018.
2. The signing took place in Singapore between Minister for Trade and Industry, Chan Chun Sing, and Minister of Foreign Affairs, Cooperation, Francophonie and Regional Integration, in charge of Gabonese Abroad, Immongault Jean Eudes Regis.
3. The DTA stipulates the taxing rights of both jurisdictions on all forms of income flows arising from cross-border business activities, and minimises the double taxation of such income. This will lower barriers to cross-border investment and boost trade and economic flows between the two jurisdictions.
4. The full text of the Singapore-Gabon DTA is available on the Inland Revenue Authority of Singapore’s website. The DTA will enter into force after its ratification by both jurisdictions.
MINISTRY OF FINANCE
28 August 2018