Second Protocol to Singapore-UAE Agreement for the Avoidance of Double Taxation Enter Into Force
The Second Protocol amending Singapore’s standing Avoidance of Double Taxation Agreement (DTA) with United Arab Emirates (UAE) entered into force on 16 March 2016.
The revised terms in the Second Protocol include longer threshold periods to ascertain the presence of a permanent establishment and lower withholding tax rates for dividends and interest income. These changes are expected to enhance trade and investment flows between the two countries.
The full text of the Second Protocol is available here.