Singapore, Saudi Arabia Sign Tax Agreement

Singapore and Saudi Arabia have signed an agreement for the avoidance of double taxation.

 

The new DTA is expected to further enhance the strong bilateral trade links by minimising the double taxation of income that may occur as a result of cross-border economic activities between the two countries. Amongst other provisions, the DTA includes the internationally agreed standard for the exchange of information upon request for tax purposes, provides for lower withholding taxes, and sets out permanent establishment rules for businesses.
 

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