Singapore and Seychelles Sign Agreement for Avoidance of Double Taxation

1.       Singapore and Seychelles signed an Agreement for the Avoidance of Double Taxation (DTA) on 9 July 2014.  The signing took place in New York between the Permanent Representatives of both countries to the United Nations, H.E. Ms Karen Tan for Singapore and H.E. Mrs Marie-Louise Potter for Seychelles. 

2.       The DTA is expected to enhance economic cooperation between both countries.  Amongst other provisions, the DTA lowers withholding taxes for businesses, and provides for the exchange of information for tax purposes based on the internationally agreed Standard.  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 ratification by both countries.  

Ministry of Finance
10 July 2014