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Singapore Germany Double Taxation Agreement

Singapore and Germany have signed a protocol to their double taxation convention, which brings the treaty into line with international standards and changes the maximum withholding rates that can be collected. An overview of the comprehensive bilateral tax treaty between Singapore and India to avoid double taxation of income. Find out more here. If you want to use the bilateral agreements between Germany and Singapore and expand your business in Singapore, Hawksford can help. We have a dedicated German-speaking team that helps you navigate through the local business landscape and fully expand your business in Singapore Are you a German company that uses Singapore as a hub to access the ASEAN market? Read on to learn more about the benefits of bilateral agreements between Germany and Singapore. See IRAS for more information on the Agreement between Singapore and Germany on the prevention of double taxation and the prevention of income tax evasion. Read more Tax treaties allow them to access double taxation exemptions, either through tax credits, tax exemptions or reduced withholding tax rates. These facilities vary from country to country and depend on different income items. Learn more about Singapore`s double taxation conventions. Double taxation can be avoided if foreign income is exempt from national tax.

The exemption may be granted for all or part of the foreign income. Exemption from dividends from foreign sources, profits and income from services – Section 13 (8) of the Singapore Income Tax Act A Singapore-based reporting company may benefit from tax exemptions for dividends from foreign sources, profits from foreign branches and income from foreign sources transferred to Singapore if the following conditions are met: the methods of double taxation relief are set either by a country`s national tax laws , or by a country`s national tax law. In Singapore, the methods available are as follows: the Agreement on Double Tax Evasion (DBA) between Singapore and Germany provides an exemption from double taxation in the situation in which income is taxed for both countries. The provisions of the DBA apply to persons residing in one or both contracting states. In this way, the same income is taxed twice. The DBA imposes this double taxation by allowing the Singapore company to charge a tax credit of foreign tax on the same income. The Agreement on Double Tax Evasion between Singapore and Germany (DBA) provides for an exemption from double taxation of income and capital in order to promote mutual economic relations between the two countries. The Germany-Singapore Bilateral Investment Treaty (ILO) is a legally binding agreement between Germany and Singapore.


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October 2021
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