Singapore Tax News
Treaty between India and Singapore – Indian decision on taxability of payments made to Singaporean company for conducting market study
27 July 2008
Treaty between Belgium and Singapore ratified
21 June 2008
Treaty between Morocco and Singapore ratified
15 April 2008
Treaty between Singapore and Malta enters into force
15 April 2008
Budget for 2008 – details
16 March 2008
The income tax treaty betweenSingapore-Estonia, which was signed on 18 September 2006, entered into force on 27 December 2007 and applies from 1 January 2008. The treaty was concluded in the Estonian and English languages, both texts being equally authentic. In the case of divergence of interpretation, the English text prevails. The treaty generally follows the OECD Model Convention
8 February 2008
Indian decision on residence status of Singaporean company if Indian resident holds substantial stake and source of all Singaporean company's investments in India
16 January 2008
Treaty between Singapore and Qatar enters into force and details
4 November 2007
Indian decision on the attribution of profits to dependent agent permanent establishment
2 September 2007
Treaty between Singapore and China (People's Rep.) signed
29 July 2007
Ruling that subscription fees for commercial portal taxable in India
18 June 2007
New case law on Japan-Singapore tax treaty and Japanese CFC provisions
28 May 2007
Budget 2007 – details
24 March 2007
Planned corporate tax cut
24 February 2007
Treaty between Singapore and Germany enters into force
15 January 2007
New treaty between Belgium and Singapore – details
17 December 2006
Protocol to treaty between Singapore and New Zealand enters into force
12 September 2006
Protocol to treaty between New Zealand and Singapore approved
11 July 2006
ATO to allow refunds of royalty withholding tax
14 May 2006
Indian decision that fees for (interior) designs or drawings do not constitute technical service fees or royalty under India-Singapore tax treaty
14 May 2006
Treaty between India and Singapore – Singapore seeks further amendments re CGT
9 April 2006
Treaty between Singapore and Malta signed
9 April 2006
The new income tax treaty and protocol between Singapore and Malaysia, signed on 5 October 2004, entered into force on 13 February 2006. In Singapore, the treaty will generally apply from 1 January 2007. In Malaysia, the treaty will apply in respect of petroleum income tax to income derived on or after 1 January 2008 and in respect other tax from 1 January 2007. From these dates, the new treaty generally replaces the Singapore and Malaysia income tax treaty of 26 December 1968.
16 March 2006
French Court of Appeals decision on debt waivers granted to branches of foreign subsidiary by French parent company published
19 February 2006
The Singapore Ministry of Finance has announced that following the completion of ratification formalities, the new income tax treaty between Singapore and Israel, signed on 19 May 2005, will enter into force as of 6 December 2005. The new treaty generally applies from 1 January 2006. From this date, the new treaty generally replaces the Singapore-Isreal income tax treaty of 27 September 1971.
1 January 2006
In McDermott Industries (Aust) Pty Ltd v. FCT, the taxpayer company argued that it was not required to withhold tax on bare boat charter payments that it made to a Singaporean company (S-Co). Australia's Federal Commissioner of Taxation sought to apply a rule that a deduction for a royalty subject to withholding tax is not available to the paying company, unless it has paid the withholding tax (in which case the deduction becomes available in the year in which the royalty was incurred). The taxpayer's position was that royalty withholding tax was not payable because S-Co had a deemed permanent establishment under the tax treaty between Australia and Singapore to which the royalties related.
6 December 2005
New Zealand and Singapore signed a protocol to the New Zealand-Singapore treaty of 21 August 1973 on 5 September 2005. Further details of the protocol will be reported subsequently.
16 October 2005
China (People's Rep.) and Mexico signed a first-time tax treaty on 12 September 2005. Further details of the treaty will be reported subsequently.
16 October 2005
India and Singapore signed a protocol dated 29 June 2005. This protocol will form part of the India-Singapore tax treaty dated 24 January 1994, and will enter into force and be effective as from 1 August 2005.
3 August 2005
A new income tax treaty and protocol between Singapore and Israel was signed on 19 May 2005
11 July 2005