• Singapore - United Kingdom
    Amending protocol enters into force

    17-01-2013

    The amending Protocol to the Singapore - United Kingdom Income Tax Treaty entered into force on 27 December 2012.

    The provisions of the amending Protocol took effect on 1 January 2013 in Singapore and on 1 April 2014 in the United Kingdom.

    Under the amending Protocol the following withholding taxes will change:

    • Dividends:
      • Dividends paid by a Real Estate Investment Trust which is a resident of the United Kingdom may also be taxed, according to its laws, in the United Kingdom. However, if the beneficial owner of the dividends is a resident of Singapore, the tax so charged shall not exceed 15% of the gross amount of the dividends.
      • Distributions paid by a Real Estate Investment Trust which is organized in Singapore may also be taxed, according to its laws, in Singapore. However, if the beneficial owner of the distributions is a resident of the United Kingdom, the tax so charged shall not exceed 15% of the gross amount of the distributions.
      • 0% in all other cases.

    • Interest:
      • 0% if the interest is paid by a bank or similar financial institution.
      • 0% if the beneficial owner of the interest is a financial institution.
      • 5% in all other cases.

    • Royalties: 8% withholding tax on royalties.
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