This means that foreign investors who have registered a subsidiary in Singapore can use the country`s DBA as well as free trade agreements (FTAs) via ASEAN and Asia. DBAs or tax treaties are bilateral agreements that clarify tax issues related to cross-border transactions between countries. Among the main advantages of a DBA are: (a) clarity of tax rights between Singapore and contracting countries. For example, when a company operates in a contracting country, the DBA defines the conditions or scenarios under which the company is subject to taxation in the contracting country. Please note that agreements signed but not ratified have no legal value. We will update this page when the agreement is ratified. The prevention of double taxation conventions is aimed at eliminating this unfair penalty and encouraging cross-border trade. Singapore has an extensive network of such agreements, covering more than 50 countries. If you are dealing with Singapore, a country that has a DBA with Singapore, you probably won`t face double taxation. In addition, even if there is no contract between a country and Singapore, a Singapore resident can benefit from Singapore`s unilateral tax credits to avoid double taxation in transactions with Singapore. In Singapore`s list of tax treaties, you will know if your country has a tax agreement with Singapore and to know the specific provisions of this DBA. To understand how a DBA works, we must first learn what can lead to double taxation. Double taxation is due to the fact that the tax system may vary from country to country: only Singapore residents and tax residents of the contractor can benefit from the benefits of a DBA.

You will find out who our contractual partners are in the list of prevention of double taxation agreements. A DBA sets tax duties between Singapore and its contractor on different types of income from cross-border economic activities between the two jurisdictions. The cancellation of double taxation conventions is intended to eliminate this unfair penalty and encourage cross-border trade. If you are doing business with (or since) Singapore of a DTA country, it is unlikely that you will face double taxation. In addition, Singapore also grants unilateral tax credits to its resident companies in the event of double taxation by countries where Singapore does not have a DBA. It is therefore unlikely that a Singapore-based company will face double taxation. The following topics are discussed: `Slovak Republic` (PDF, 340KB) – Slovenia (PDF, 361KB) South Africa (PDF, 371 KB) Spain (PDF, 64KB) Sri Lanka (PDF, 375KB) Sweden (PDF, 416KB) Switzerland (PDF, 178KB) It is therefore unlikely that a Singapore-based company will suffer from double taxation. This is an important reason to set up your business in Singapore. DTAs-Netherlands (PDF, 297KB) – New Zealand (PDF, 837KB) Nigeria (PDF, 372KB) Norway (PDF, 609KB) 1 Australia`s income tax conventions will be legally recognized by the International Tax Agreements Act 1953. The agreement between the Australian Bureau of Trade and Industry and the Taipei Economic and Cultural Office on the prevention of double taxation and the prevention of income tax evasion is a less treaty-compliant document, adopted as Schedule 1 of the International Tax Agreements Act of 1953. Taxpayers of our contractors can also benefit from the benefits of the DBA if they receive income from Singapore.

But to understand what this means in practice, you have to understand how taxes are collected in Singapore. If you receive foreign income in Singapore, you may be taxed on income.