The Inland Revenue Authority of Singapore has announced the signing of an amending protocol to the 2018 income tax treaty with Brazil on 17 April 2023, which includes certain corrections to the Portuguese version of the treaty. The protocol will enter into force once the ratification instruments are exchanged and will apply retroactively from the original effective dates of the treaty.

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Singapore and Brazil sign Protocol Amending the Agreement for Avoidance of Double Taxation

1. A Protocol amending the Agreement between the Republic of Singapore and the Federative Republic of Brazil for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (DTA) and its Protocol (May 2018 Protocol) was signed on 17 April 2023 between the Government of the Republic of Singapore and the Government of the Federative Republic of Brazil.

2. The signing took place in Brazil between Singapore's Minister for Foreign Affairs, Dr Vivian Balakrishnan, and Minister of Foreign Affairs of Brazil, Mr Mauro Vieira.

3. This Protocol corrects minor translation discrepancies in the Portuguese text, specifically on Article 11 (Interest) of the DTA, and Paragraph 7 of the May 2018 Protocol.

4. The full text of the Protocol signed on 17 April 2023 is available on the Inland Revenue Authority of Singapore's website here. The Protocol will enter into force after ratification by both countries.