background image

Armenian Cabinet Approves Pending Tax Treaty with Singapore — Orbitax Tax News & Alerts

On 18 March 2021, the Armenian Cabinet approved for ratification the pending income and capital tax treaty with Singapore. The treaty, signed 8 July 2019, is the first of its kind between the two countries and will enter into force once the ratification instruments are exchanged. It will apply in Armenia from 1 January of the year following its entry into force and will apply in Singapore in respect of withholding taxes from 1 January of the year following its entry into force and in respect of other taxes from 1 January of the second year following its entry into force.