Singapore News


Singapore and Russia signed a Protocol on 17 November 2015 to amend the existing Singapore-Russia Avoidance of Double Taxation Agreement (DTA).


The Protocol was signed in Moscow between Singapore’s Ambassador to the Russian Federation, Ms Lim Kheng Hua and Russian Deputy Minister of Finance, Mr Sergey Shatalov.


Amongst other changes, the Protocol lengthens the threshold period for determining the presence of a permanent establishment and lowers the withholding tax rates for dividends, interest and royalties. These changes are expected to enhance trade and investment flows between the two countries.


The full text of the Protocol is available HERE. The Protocol will enter into force after its ratification by both countries.


Source: IRAS