On 18 December 2015, the income tax treaty between Seychelles and Singapore entered into force. The treaty, signed 9 July 2014, 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…