Information about the country`s tax system can be found by our German lawyers. The agreement also applies to other similar taxes collected in both states parties. Our Singapore business start-up specialists can provide you with more information about the city-state tax system. The Agreement on Double Tax Evasion between Singapore and Germany (DBA) provides for an exemption from double taxation of income and capital in order to promote mutual economic relations between the two countries. The Germany-Singapore Bilateral Investment Treaty (ILO) is a legally binding agreement between Germany and Singapore. It sets rules on how Germany should manage Singapore`s investments and investors and vice versa. With the ILO, Singaporean companies operating in Germany are protected for their investments, in addition to the protection afforded by German national law. German companies operating in Singapore will also benefit from investment protection. Tax treaties allow them to access double taxation exemptions, either through tax credits, tax exemptions or reduced withholding tax rates.
These facilities vary from country to country and depend on different income items. Learn more about Singapore`s double taxation conventions. Singapore and Germany signed their first double taxation agreement in 2007. The agreement applies to both individuals and businesses registered in one or both countries. On a broad basis, the Singapore-Germany Double Taxation Convention covers income tax or income tax components, as follows: For more information on the Singapore-Germany convention to avoid double taxation and the prevention of income tax evasion, see iraS. Read more In 2004, Germany and Singapore began negotiations for a double taxation convention, followed by the conclusion and implementation of the treaty in early 2007. The agreement applies to companies based in Singapore and Germany, as well as companies registered in one of the countries operating in other countries. The taxes covered by the Double Taxation Convention between Germany and Singapore are: Singapore and Germany have signed a protocol to their double taxation convention, which adapts the treaty to international standards and changes the maximum withholding rates that can be collected.