Singapore and France Revise Agreement for Avoidance of Double Taxation
16 Jan 20151. Singapore and France have signed a revised Agreement for the Avoidance of Double Taxation (DTA). The revised DTA offers improved terms for businesses, such as lower withholding tax rates for dividends and includes anti-abuse provisions. The signing took place in Singapore yesterday between Mr Tharman Shanmugaratnam, the Singapore Deputy Prime Minister and Minister for Finance and Mr Michel Sapin, the French Minister of Finance and Public Accounts.
2. Building on the excellent economic relations between Singapore and France, both Ministers expressed their confidence that the revised DTA would further enhance trade and investment flows. They also noted both countries’ excellent history of tax cooperation on exchange of information, as well as commitments to implement the new global standard on automatic exchange of information by 2018.
3. The full text of the DTA is available on the Inland Revenue Authority of Singapore website. It will enter into force after ratification by both countries.
Ministry of Finance
Singapore
Ministry for Finance and Public Accounts
France
16 January 2015
2. Building on the excellent economic relations between Singapore and France, both Ministers expressed their confidence that the revised DTA would further enhance trade and investment flows. They also noted both countries’ excellent history of tax cooperation on exchange of information, as well as commitments to implement the new global standard on automatic exchange of information by 2018.
3. The full text of the DTA is available on the Inland Revenue Authority of Singapore website. It will enter into force after ratification by both countries.
Ministry of Finance
Singapore
Ministry for Finance and Public Accounts
France
16 January 2015