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The revised Singapore-Luxembourg Avoidance of Double Taxation Agreement (DTA) entered into force on 28 December 2015.


The revised DTA lowers the withholding tax rates for dividends, interest and royalties, lengthens the period test for determining permanent establishments as well as provides a more mutually favourable tax treatment for international air transport and shipping income, amongst other changes. These changes are expected to enhance trade and investment flows between the two countries.


The full text of the DTA is available HERE.

 

Source: MOF

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Singapore’s respective bilateral agreements with Ecuador, San Marino and Seychelles for the avoidance of double taxation (DTA) entered into force on 18 December 2015.

 

The DTAs provide clarity on tax matters and eliminate double taxation relating to cross-border transactions between Singapore and the respective contracting jurisdictions.

 

The full texts of the DTAs are available HERE.

 

Source: MOF

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From 23 November 2015, the corporate operations of the Central Provident Fund (CPF) Board at the CPF Building, 79 Robinson Road will relocate to Novena Square Towers A and B. The relocation will free up prime office space in the Central Business District for higher-value uses.

 

The new CPF Board corporate address at Novena Square is:
238B Thomson Road
#08-00 Tower B Novena Square
Singapore 307685

 

The move does not affect the CPF Service Centre at 79 Robinson Road which will continue to operate on the second floor of CPF Building till further notice. The customer hotline (1800-227-1188) and email (This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.) also remain unchanged.

 

The CPF Building at 79 Robinson Road has been put up for sale through a tender and bids are currently being evaluated.

 

Service Centre Operating Hours:
Mondays to Fridays: 8am to 5pm
Saturdays: 8am to 1pm (Robinson Road Service Centre is closed on Saturdays)

CPF 

Customers are encouraged to make an appointment before visiting the Service Centres. Click HERE for more details.

 

Source: CPF Board

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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

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BizFinx will be undergoing maintenance on 20 Sep 2015 (Sun) from 12am to 2pm. Annual Return filing will not be available. eNets Debit is also not available on 20 Sep 2015 (Sun) from 3am to 6am due to scheduled maintenance by OCBC Bank.

 

You may make payment for your transactions using:
Credit Card (Visa, Master and American Express)
ENets Debit (Internet Banking with Citibank, DBS or UOB)
Deposit Service Account (for professional firms only)

 

Source: ACRA/BizFile