The Inland Revenue Authority of Singapore has announced that on 20 April 2017, officials from Latvia and Singapore signed an amending protocol to the 1999 income tax treaty between the two countries. Some of the main changes made by the protocol are as follows:
- Paragraph 3 of Article 5 (Permanent Establishment) is replaced to provide that a construction PE will be deemed constituted if the site, project or activity lasts for a period of more than twelve months (originally nine months) and t…