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The Singapore Ministry of Finance has announced that following the completion of ratification formalities, the new income tax treaty between Singapore and Israel, signed on 19 May 2005, will enter into force as of 6 December 2005. The new treaty generally applies from 1 January 2006. From this date, the new treaty generally replaces the Singapore-Isreal income tax treaty of 27 September 1971.

01 January 2006|Treaty Development|Singapore-Israel

The maximum rates of withholding tax are:

-		10% on dividends in general, and 5% if the beneficial owner holds directly at least 10% of the capital of the company paying dividends. Dividends paid to the government (as defined) of the other state are exempt. In any case, Singapore does not currently impose withholding tax on dividends;
-		7% on interest. Interest paid to …

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