Singapore: Double Tax Treaties

Singapore Introduction

A double tax treaty allows that tax paid can be offset in one of two countries against tax payable in the other, thus avoiding double taxation. Singapore is a signatory to double tax treaties with many countries throughout the world. Some forms of income are exempt from tax or qualify for reduced rates. These include royalties, dividends and capital gains.

The following is a list of countries with which Singapore has signed a double tax treaty. All information detailed below is correct as at March 12, 2010.

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Singapore Table of Double Tax Treaties

There are also limited tax treaties with Bahrain, Chile, Hong Kong, Oman, Saudi Arabia, the United Arab Emirates and the USA. Further, there are treaties and protocols signed but not yet ratified with Australia, Austria, Bahrain, Belgium, Brunei, Denmark, Finland, France, Georgia, Japan, Libya, Malta, Mexico, Morocco, New Zealand, Qatar, Slovenia and the United Kingdom.

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Singapore Other International Agreements

Singapore has entered into a number of tax information exchange agreements, and has met the OECD’s “white list” requirements. The jurisdiction has also entered into international free trade agreements with Australia, Brunei, Chile, the European Free Trade Association, India, Japan, Jordan, New Zealand, Peru, South Korea and the USA.