Singapore, France revise Agreement for Avoidance of Double Taxation

BUSINESSES can look forward to improved tax terms, now that Singapore and France have signed a revised Agreement for the Avoidance of Double Taxation (DTA).

Once ratified by both countries, lower withholding tax rates for dividends and anti-abuse provisions will enter into force.

The signing took place in Singapore on Thursday between Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam and Michel Sapin, the French Minister of Finance and Public Accounts.