Singapore-Hellenic Republic Convention for the Elimination of Double Taxation Enters into Force14 Mar 2022
1. The Convention between the Government of the Republic of Singapore and the Government of the Hellenic Republic (“Greece”) for the Elimination of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital (“the Convention”), signed on 30 May 2019, entered into force on 14 March 2022.
2. The Convention will benefit businesses in both Singapore and Greece as well as boost bilateral trade and investment flows between the two countries. Key terms of the Convention can be found in the Annex. The full text of the Convention is available on the Inland Revenue Authority of Singapore’s website here.
MINISTRY OF FINANCE
14 March 2022
Annex: Summary of key terms in the Convention
Article in the Convention
Key terms in the Convention
Article 5, Permanent Establishment
Article 10, Dividends
Article 11, Interest
Article 12, Royalties