Singapore’s revised agreement with New Zealand for the avoidance of double taxation (“DTA”) came into force today. This new agreement replaces the existing agreement that has been in force since 7 December 1973.

The revised DTA incorporates changes that will further encourage and facilitate cross-border trade and investment between Singapore and New Zealand. Amongst other provisions, the revised DTA provides for lower withholding tax rates for dividends, royalties and interest, and changes the period test for determining permanent establishments and thus the liability for taxes.

The full text of the revised DTA is available here (PDF, 359KB).

MINISTRY OF FINANCE