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:
Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.Read more