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Singapore and Slovenia Sign Avoidance of Double Taxation Agreement

11 Jan 2010

Singapore and Slovenia signed an Agreement for the avoidance of double taxation (“DTA”) on 8 January 2010.

2. The DTA was signed in New York by both countries’ Permanent Representatives to the United Nations.

3. The DTA will help boost bilateral trade and investment by minimising the double taxation of income that may occur as a result of cross-border economic activities between both countries. Amongst other provisions, the DTA includes the internationally agreed Standard for the exchange of information for tax purposes upon request, provides for lower withholding taxes for dividends, interest and royalties, and sets out permanent establishment rules.

4. The full text of the 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.

11 JANUARY 2009