Update - Protocol to the Tax Treaty between Singapore and the U.A.E. Signed

On 31 October 2014, officials from Singapore and the United Arab Emirates signed a protocol to the 1995 income tax treaty between the two countries. The protocol is the first to amend the treaty.

The main amendments of the protocol are as follows:

Withholding Tax Rates

• Dividends - reduced to 0% (originally 5%)
• Interest - reduced to 0% (originally 7%)
• Royalties - payments for the use of, or the right to use, industrial, commercial or scientific equipment is removed from the definition of …