Singapore: Tax Treaty updates
Update India-Singapore treaty The 2005 Protocol to the India-Singapore treaty (the ‘2005 Protocol’) provides for exemption of Indian tax on gains from the alienation of shares in an Indian company by Singapore residents, subject to certain conditions being met. However, this exemption is contingent upon the availability of similar benefit to a tax resident of […]
Double Tax Treaty Between Cyprus And Switzerland Effective January 1, 2016
The first Cyprus-Switzerland double tax treaty (DTT), signed in 2014, entered into force in October 2015 with its provisions taking effect as from January 1, 2016. Under the treaty there is no withholding tax (WHT) on interest and royalties. There is also no WHT on dividends in those cases where the beneficial owner of the […]
Bulgaria Seeks EU Intervention On New Greek Tax
The Bulgarian Minister of Finance, Vladislav Goranov, has asked the European Tax Commissioner, Pierre Moscovici, to review the legality of a new Greek tax charge, which affects Bulgaria, Cyprus, and Ireland. An amendment to the Greek Income Tax Code introduces a withholding tax (WHT) of 26 percent on all outbound transactions from the three countries, […]