Skip to main content

Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Ministry of Finance (MOF)
  1. Home
  2. News & Resources
  3. Newsroom
  4. Singapore and South Africa Revise Agreement for the Avoidance of Double Taxation
Press Releases

Singapore and South Africa Revise Agreement for the Avoidance of Double Taxation

Topics

IRAS

Tax-Related (Others)

30 November 2015

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

1. Singapore and South Africa signed a new Avoidance of Double Taxation Agreement (DTA) on 30 November 2015.  Mr Heng Swee Keat, Minister for Finance, and Mr Nhlanhla Musa Nene, South Africa’s Minister of Finance signed the DTA.

2. The new DTA will replace the existing DTA, signed on 23 December 1996, when it enters into force after its ratification by both countries.  Among the changes, the new DTA updates the provisions for determining permanent establishments, lowers the withholding tax rate for dividends and provides a more mutually favourable tax treatment for capital gains.  

3. The full text of the DTA is available on the Inland Revenue Authority of Singapore’s (IRAS) website here [link to IRAS website].


MINISTRY OF FINANCE
30 November 2015     

Back to top