Singapore and Belarus sign agreement for avoidance of double taxation

Meant to encourage trade and investment.

The Inland Revenue Authority of Singapore (IRAS) said that Singapore and Belarus have signed an Agreement for the Avoidance of Double Taxation (DTA) on 22 March 2013.

"The DTA will encourage and facilitate cross-border trade and investment between Singapore and Belarus by providing greater clarity on taxing rights and minimising the scope of double taxation between the two nations. Amongst other provisions, the DTA provides for lower withholding tax rates for dividends, interest and royalties. It also includes the internationally agreed Standard for the exchange of information for tax purposes," said IRAS.

The DTA was signed in Singapore by Dr Tan Kim Siew, Commissioner of the Inland Revenue Authority of Singapore, and Mr Vladimir Poluyan, Minister of Taxes and Duties of the Republic of Belarus.

The DTA has not been ratified and, as such, does not have the force of law. It will enter into force after its ratification by both jurisdictions.

Also Read

Singapore ranks second in global economic freedom

Economists forecast modest NODX growth for Singapore in 2024

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit