Published:
Singapore-Saudi Arabia DTA takes effect 1 July
The two countries’ agreement for the avoidance of double taxation clarifies taxing rights.
The DTA provides for tax exemption in the country of source on profits derived from the operations of ships or aircraft in international traffic and lower withholding tax rates for interest and royalties.
Expected to encourage and facilitate cross-border trade and investment between Singapore and Saudi Arabia, the agreement also includes the internationally agreed Standard for the exchange of information for tax purposes upon request.
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