On 9 July 2014, an income tax treaty between Singapore and Seychelles was signed. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Singapore income tax, and Seychelles business tax, income and non-monetary benefits tax, and petroleum tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise of one Contracting State furnishes services in the other State through employees o…