The Inland Revenue Authority of Singapore issued a release on 1 November announcing that notification has been received from Germany regarding the application of the credit method for capital gains from 1 January 2022 under the 2004 income and capital tax treaty between the two countries. This applies in respect of capital gains from the alienation of shares deriving value from immovable property.
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Notification from Germany in accordance with Article 24(1)(e)(bb) of the Singapore-German…