Tax Agreements with Poland and Austria enter into force


It was reported in IRAS’ website that the revised Singapore-Poland Double Taxation Agreement (“DTA“) has entered into force on 6 February 2014.

In addition,  an Exchange of Notes between Singapore and Austria in relation to the Exchange of Information Article in the standing Singapore-Austria DTA will enter into force on 1 May 2014.

Click here to access the revised DTA between Singapore and Poland.  The salient features of this DTA are as follows:

Reduced withholding tax rate on dividends – 5%/ 10%
Reduced withholding tax rate on interest – 5%
Reduced withholding tax rate on royalties – 2%/ 5%

As at 6 Feb 2014, Singapore has concluded 74 comprehensive DTA with other jurisdictions with the exception of the US.

If you have any questions regarding the above, please contact us at support@whm-consulting.com.

Be Well!
Jack Wong
for WHM Consulting Pte Ltd

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