Efile Taxes Direct: Tax - News .com: Singapore Panama sign DTA

New network todayThis source is published every day with new content or update selected from across our network. For a list of sites in the network, with many offering daily news, see below.14/09 Labuan, offshore investors feature

providing tax essential news and information for artists in the mobile world, entrepreneurs, contractors, professional, small businesses, sportsmen and artists.Portal network Lowtax: 'Low-tax' business and investment in instances of the top 50 in exceptional detail covered.Tax News: tax global news continuously updated by the day.Law & Tax News: data Daily new and substantive tax and legal developments on International Affairs.Offshore-e-com: a topical guide to e-commerce in the offshore focused on regulation and tax.Lowtax library: one of the largest and most authorities business and investment sources of information from the web, the.Tax US network: the taxation of the U.S. online free information resource covering: tax on corporations, tax, international tax, expatriate, sales and e-commerce tax tax investment.New! Personal business income tax guide: creating tax essential news and information on businesses for entrepreneurs, contractors, professional, small businesses, artists, sports and artists.

Singapore, Panama sign DTA, by Mary Swire, tax - News .com, Hong Kong
Last updated 13 hours ago |Jeudi, October 21, 2010

Singapore?s Minister for Foreign Affairs, and George Yeo Panama?s, Vice-President and Minister for Foreign Affairs, Juan Carlos Varela, signed a bilateral agreement to avoid double taxation (DTA) between their respective countries.

The DTA is supposed to enhance bilateral trade links in minimizing the double taxation that may occur as a result of cross-border economic activities between the two countries.

Among other provisions, the DTA lowers tax deductions, defines the rules of the permanent establishment for companies and provides for the exchange of information for tax purposes, based on agreed at international level for standard Development?s and economic cooperation organization.

For example, dividends paid by a company which is a resident of a country may be taxed in the country at a speed of 4% if they are paid to a resident company (other than a partnership) in the other country holds directly at least 10% of the capital of the company paying the dividends; or a maximum of 5% in all other cases of dividends between a country and on the other.

Tax on interest arising in one country, the owner is a resident of the other must not exceed 5% of the gross amount of interest .sauf interests paid to the Government or a bank in another country should be exempt from tax.

In addition, royalties may also be taxed in the country in which they occur, but if the beneficial owner of the royalties is a resident of the other country, thus established tax must not exceed 5% of the gross amount of the royalties.

The DTA will enter into force after it is ratified by the two countries.

LOWTAX libraryMore great and most authorities business and investment sources from the web, the .Aux sides of new topical information, daily on the evolution of the tax in the world, you may receive weekly press services or information update reports on a range of legal, fiscal and investment subjects access.

FREE NEW TRIAL SUBSCRIPTION

Our constantly updated intelligence reports 16 covers all important aspects of "offshore" and international tax planning in depth, including the banking secrecy EU savings tax directive funds, off the coast of e-commerce, offshore offshore and price of transfert.Les reports are available for immediate download or subscription with the new pages services.

Content of new solutions

Can your website or newsletter receive the incorporation of new updates regularly and content adapted to serve the interests of your clients? we offer a variety of new maintenance-free and can be integrated transparently and dynamically delivered content solutions:

Customized "own brand" news customized services
Content of the newsletter and the management
News Headlines Tickers