Singapore’s agreement with Slovenia for the avoidance of double taxation (“DTA”) came into force today.

The agreement is Singapore’s 63rd DTA and will encourage and facilitate cross-border trade and investment between Singapore and Slovenia by providing greater clarity on taxing rights and minimizing the scope of double taxation between the two nations. Amongst other provisions, the DTA provide for tax exemption in the country of source on profits derived from the operations of ships or aircraft in international traffic and lower withholding tax rates for dividends, interest and royalties.

The full text of the DTA is available here (PDF, 92KB).