Amendments to the India - Singapore tax treaty

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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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