The Federal Republic of Germany has notified Singapore on 16 August 2021 that with effect from 1 January 2022, for income from capital gains for which Singapore has taxing rights pursuant to paragraph 3 of Article 13 of the DTA (as amended by the Protocol signed on 9 December 2019), the Federal Republic of Germany will avoid double taxation on persons resident in Germany by applying the tax credit method set out in sub-paragraph (b) of paragraph 1 of Article 24 of the DTA. Please refer to Income Tax (Singapore-Germany)(Supplementary)(Avoidance of Double Taxation Agreement) Order 2021 made on 17 October 2021 for further details. For informational purposes, a footnote has been added to the Article 24(1)(e)(bb) in the Singapore-Germany DTA, which may be accessed from the List of DTAs, Limited DTAs and EOI Arrangements page.
