28 Feb '17, 10am

Revised Tax Treaty With Singapore Takes Effect

Revised Tax Treaty With Singapore Takes Effect

India's revised tax treaty with Singapore, aimed at checking round-tripping of funds, has come into force. While most clauses of the amended treaty signed on December 30 took effect from February 27, the principal clause allowing levy of capital gains tax on investments routed through Singapore will come into force from April 1. "The Third Protocol amending the existing Avoidance of Double Taxation Agreement (DTA) between Singapore and the Republic of India entered into force on February 27, 2017," a statement issued by Ministry of Finance of Singapore said. It further stated that "the 3rd protocol signed on December 30, 2016 entered into force on February 27, 2017 and its provisions shall take effect from February 27, 2017 except for Articles 2, 3 and 4 which shall take effect from 1 April 2017." India had in May last year signed a revised tax treaty with Mauritius, trigg...

Full article: http://profit.ndtv.com/news/economy/article-revised-tax-t...

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