Singapore and France signed an Income Tax Treaty on 15 January 2015.
The treaty will come info force after the two countries exchange ratification instruments. The provisions of the treaty will have effect from 1st January of the calendar year next following that in which the agreement enters into force.
In accordance with the treaty, the following withholding taxes will apply:
Dividends:
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5% if the beneficial owner is a company which owns directly or indirectly at least 10% of the share capital of the company paying the dividends.
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15% in all other cases
Interest:
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0% if the recipient is a Contracting State, a territorial authority or a statutory body thereof, including the central bank of that state; or such interest is paid by one of those states, territorial authorities or statutory bodies.
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0% if the interest is paid in respect of a dept-claim or of a loan guaranteed or insured or subsidized by the government of a Contracting State or by any other person acting on behalf of a Contracting State.
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0% if the interest is paid by an enterprise of one of the Contracting States to an enterprise of the other Contracting State.
Royalties:
Source: Offtax.com, Posted on 20.01.2015
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