Singapore-Sri Lanka revised Tax Agreement enters into force

Friday, 5 January 2018 00:00 -     - {{hitsCtrl.values.hits}}

Singapore’s Inland Revenue Service announced Tuesday that the revised Avoidance of Double Taxation Agreement (DTA) between Singapore and Sri Lanka entered into force on 31 December 2017.

Singapore and Sri Lanka signed a revised Avoidance of Double Taxation Agreement (DTA) on 3 April 2014.

Amongst other changes, the revised DTA lowers the withholding tax rates for dividends and royalties, and updates the provisions for determining permanent establishments. It also incorporates the internationally-agreed standard for exchange of information for tax purposes. These changes are expected to enhance trade and investment flows between the two countries.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.