The Government of the Republic of Singapore and the Government of the United Kingdom of Great Britain and Northern Ireland signed a Second Protocol amending the Agreement for the avoidance of double taxation (DTA) on 15 February 2012.

The Second Protocol was signed in Singapore by Mrs Josephine Teo, Minister of State for Finance and Transport, and Lord Green of Hurstpierpoint, UK Minister of State for Trade and Investment.

The Second Protocol revises certain terms in the current DTA between the two countries, such as updating Article 5 (Permanent Establishment) and lowering the withholding tax rates in Article 10 (Dividends), Article 11 (Interest) and Article 12 (Royalties). These changes will serve to enhance trade and investment flows between the two countries.

The full text of the Second Protocol is available here (PDF, 49KB). The Second Protocol will enter into force after ratification by both countries.