• Luxembourg - Singapore
    New Tax Treaty Enters into Force


    The revised Income and Capital Tax Treaty between Luxembourg and Singapore entered into force on 28 December 2015. Its provisions will take effect from 1 January 2016.

    The revised Treaty 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.

    The revised Treaty will replace the previous one of 1993.

    In accordance with the revised treaty, the following withholding taxes will apply:

    • Dividends: 0% (old treaty: 5%/10%).
    • Interest: 0% (old treaty 10%).
    • Royalties: 7% (old treaty 10%).
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