Singapore and Switzerland, signed Income Tax Treaty on 24 February 2011. The treaty generally follows the OECD Model Convention. The maximum rates of withholding tax as per treaty are:
15% on dividends (5% if the beneficial owner is a company that holds directly at least 10% of the capital of the company paying the dividend); 5% on interest, subject to exceptions; and 5% on royalties. Singapore generally provides for the credit whereas Switzerland generally provides for the exemption method to avoid double taxation.
15% on dividends (5% if the beneficial owner is a company that holds directly at least 10% of the capital of the company paying the dividend); 5% on interest, subject to exceptions; and 5% on royalties. Singapore generally provides for the credit whereas Switzerland generally provides for the exemption method to avoid double taxation.
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