(October 31, 2014)

Updated on November 4, 2014

The Inland Revenue Authority of Singapore has issued a press release announcing that on October 31, 2014 Singapore and United Arab Emirates signed a Protocol to amend the Agreement between the Government of the Republic of Singapore and the Government of the United Arab Emirates for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, which entered into force on August 30, 1996.

According to the press release the revised terms include longer threshold periods to ascertain the presence of a permanent establishment and lower withholding tax rates for dividends and interest income.

Although the Protocol has been signed it has not yet entered into force. In order for the Protocol to enter into force both the Government of Singapore and the Government of the United Arab Emirates will have to complete their respective ratification processes.

Update

The text of the Protocol is now available on the website of the Inland Revenue Authority of Singapore. Click here to be forwarded to the text of the Protocol as published on the website of the Inland Revenue Authority of Singapore, which will open in a new window.

Are you looking for the text of the existing text of the DTA as concluded between Singapore and the United Arab Emirates? Did you know you can easily locate the text this DTA and many other DTAs via our section DTAs?

 
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