Singapore and Switzerland Sign Tax Accord

Singapore and Switzerland have signed a revised Agreement for the Avoidance of Double Taxation.

 

The revised DTA incorporates changes that will further encourage and facilitate cross-border trade and investment between Singapore and Switzerland. Amongst other provisions, the revised DTA includes the internationally agreed Standard for the exchange of information for tax purposes upon request, provides for lower withholding tax rates for dividends and interests, and changes the period test for determining permanent establishment and thus the liability for taxes.

 

 

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