Amendments to the India - Singapore tax treaty
January 2017
Overview
The Indian government and Singaporean government on December 30, 2016, signed a protocol amending the India-Singapore tax treaty. The protocol introduces key changes to the treaty, such as:
- source-based taxation of capital gains from the transfer of shares acquired on or after April 1, 2017
- a corresponding tax adjustment mechanism to prevent economic double taxation, and
- application of domestic laws to curb tax avoidance or tax evasion.
The protocol will enter into force on April 1, 2017, at the latest, even if either country encounters a procedural delay bringing the protocol into force under their respective domestic laws.
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