Singapore and Thailand signed a new Avoidance of Double Taxation Agreement on 11 June 2015, revising the existing DTA between the two countries that was signed on 15 September 1975.
The signing took place in Singapore between Mr K Shanmugam, the Singapore Minister for Foreign Affairs and Minister for Law and Deputy Prime Minister of Foreign Affairs His Excellency Tanasak Patimapragorn. The new DTA lengthens the threshold period for determining the presence of a permanent establishment and lowers the withholding taxes for dividends, interest and royalties. These changes are expected to enhance trade and investment flows between the two countries. The Double Tax Agreement will enter info force following ratification by both countries.
To read the full text of the new DTA please click here.
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