Double Taxation Agreement Germany Singapore

The DBA includes, among other things, the taxation of corporate profits, dividends, interest and royalties. If you want to use the bilateral agreements between Germany and Singapore and expand your business in Singapore, Hawksford can help. We have a committed German-speaking team that helps you get acquainted with the local business landscape and expand your business in Singapore smoothly The agreement also applies to other similar taxes levied in both Contracting States. Our Singaporean business start-up specialists can provide you with more information about the city-state tax system. The Germany-Singapore Bilateral Investment Agreement (ILO) is a legally binding agreement between Germany and Singapore. It regulates how Germany should manage Singapore`s investments and investors and vice versa. With the ILO, Singaporean companies operating in Germany enjoy protection in their investments, in addition to the protection offered by German law. Similarly, German companies operating in Singapore will benefit from investment protection. For more information on the content of the double taxation agreement with Singapore, please contact our lawyers in Germany. Germany and Singapore began negotiations for a double taxation convention in 2004, followed by the conclusion and implementation of the agreement in early 2007. The agreement applies to companies established in Singapore and Germany, as well as to companies registered in one of the countries and carrying out commercial activities in the other. The taxes covered by the double taxation convention between Germany and Singapore are: Singapore and Germany signed their first double taxation agreement in 2007.

The agreement applies to natural persons as well as to companies established or registered in one or two countries. The Singapore-Germany double taxation convention broadly covers income tax or elements of income tax, as follows: the tax agreement signed by Germany with Singapore stipulates that the prevention of double taxation is based on the establishment of tax residence. . . .